Problems relating to Trade and Investment on Gulf Cooperation Council
14. Taxation Systems |
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Issue |
Issue details |
Requests |
Reference |
| (1) Discriminatory Tax Treatment Foreign vs. Domestic | - In certain countries in GCC including qatar, corporate income tax is exempted on fully GCC citizen owned enterprises. Consequently, the Japanese affiliated enterprises face competitive disadvantage against the local enterprises funded by the local capitals. | - It is requested that GOJ accelerates negotiation on free trade agreement (FTA) between Japan and GCC to support the entry into GCC countries of Japanese affiliated industries, so that they receive the same preferential tax treatment in corporate income tax etc. as is afforded to the GCC local capital enterprises. | |
| (Action) - The FTA negotiation between GCC and Japan that began in 2006 has been held pending since 2010, as GCC began its review of the entire FTA Policy. |
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