Tax update - Tax return deadline extension
We are pleased to notify you that General Tax Authority (“GTA”) has issued two circulars on 24-March-2021 summarized as follows:
Circular No. (1) of 2021:
Extension of tax return filing deadline for Tax Year 2020
The circular is addressed to all taxpayers and audit firms in the State of Qatar.
GTA granted a general extension of (2) month period for the tax return filing deadline, considering the impact of COVID-19. Taxpayers should submit the tax return of FY 2020 by 30-June-2021.
The circular does not apply to companies operating in petroleum and petrochemical industries.
Circular No. (2) of 2021:
Submission of tax return of companies / enterprises owned by exempt Qatari citizens and GCC owners
- Exempt Companies / Enterprises owned by Qatari citizens or GCC owners shall submit Tax Return for Tax Year 2020 on Dhareeba tax portal if its Capital is QR 1,000,000 or more or Revenue is QR 5,000,000 or more (Previously 2 million capital and 10 million revenue).
These new criteria (1 Million Capital & 5 Million Revenue) are applied for the year 2020 onwards. - Exempt Companies / Enterprises owned by Qatari citizens or GCC owners having Capital less than QR 1,000,000 and Revenue less than QR 5,000,000 shall submit Simplified Tax Return for Tax Year 2020 on Dhareeba tax portal.
- Tax return deadline FY 2020 is extended for a (4) month period. Taxpayers should submit the tax return and financial statements of FY 2020 by 31-August-2021.
This extension is only for the year 2020, and for next year’s tax returns normal deadline of (4) months will be reinforced - Non-compliance delay penalty as per Income Tax Law is QR 500 per day capped to QR 180,000.
Contact us:
If you require any information regarding the Tax in Qatar, please do not hesitate to contact us on the following:
Tel: +974 4444 1132 | Fax: +974 4444 7364