As part of its ongoing commitment to supporting international best practices in matters relating to tax, the Qatar Financial Centre (QFC), one of the world's leading and fastest growing financial centres, sponsored the 71st International Fiscal Association (IFA) Congress in Rio de Janeiro, Brazil, which was also attended by senior representatives of the QFC's tax department.

The IFA, which focuses on international fiscal matters, brings together thousands of experts yearly to discuss the latest trends in tax and explore potential solutions to overcome practical implementations.

Hamed Al-Saadi, Chief Financial & Tax Officer at the QFC Authority commented on the QFC's participation stating: "At the QFC, we take pride in ensuring that we are always ahead of changes in international tax and fiscal laws. Attending such a prestigious and international event is vital to ensure that we are kept up-to-date on the latest industry trends and changes. We were also pleased to have the opportunity to highlight the QFC's competitive and transparent tax regime as well as act as an ambassador for Qatar, in line with the directives of HH Sheikh Tamim bin Hamad Al-Thani, The Emir of the State of Qatar, by showcasing Qatar's growing business opportunities."

The QFC continuously looks for new incentives to support its firms and attract new businesses, and has proven successful in doing so. A prime example is its recent enactment of its amended Tax Rules and Regulations, which avails tax relief to firms who provide services overseas.