Qatar: GTA extends transfer pricing filing deadline to 30 September

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Qatar- July 26, 2021:

Through Decision No (8) of 2021 issued on 17 June, General Tax Authority (GTA) in Qatar announced an extension to the deadline for submitting a transfer pricing master file and local file for the fiscal year ending December 31, 2020. The filing can be submitted by September 30, 2021, instead of June 30, 2021.

GTA issued transfer pricing regulations effective from January 1, 2020. Under Article (8) of Decision No 4 of 2020, resident entities and permanent establishments of non-resident entities in Qatar must submit transfer pricing documentation in the form of master file and local file if they undertake cross-border transactions and have a turnover of more than Qatari Riyal 50,000,000 (USD 14 million) in the financial year.

The objective of the master file is to provide the GTA with high-level information regarding the global business operations and transfer pricing policies of a taxpayer. The local file is meant to provide detailed transactional information within a certain jurisdiction. The deadline for documentation filing was six months following the end of the fiscal year i.e 30 June 2021.

The extension issued on 17 June is an exception to the provisions of Article (8) and will provide taxpayers with more time to collate their documents. Taxpayers need to ensure that their documentation is robust to support their transfer pricing policies.

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