VAT’s UP
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VAT’s UP
GTA Extends Corporate Income Tax deadlines for Qatari companies (Aug 31) and Non-Qatari companies (Jun 30)
Doha- June 24, 2021:
General Tax Authority (GTA) announced the extension of 2020 corporate income tax filing deadlines to:
- June 30, 2021 for foreign companies (Non-Qatari companies that have a foreign partner’s share)
- August 31, 2021 from June 30 for tax-exempt companies and permanent establishments owned by Qatari citizens and Gulf Cooperation Council (GCC) citizens
This came in light of the difficult circumstances prevalent in the country due to the epidemic, and in an attempt by the authority to enhance tax compliance and lessen the burdens on taxpayers.
The agency announced that simplified tax filing forms must be submitted by companies with capital of less than 1 million Qatari Riyal (US$274,725) and with annual revenues of less than 5 million Riyal (US$1.3 million).
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