General Tax Authority
The General Tax Authority (GTA) announced the extension of the period for submitting the tax return for the fiscal year 2020 for companies and establishments owned by Qatari citizens and citizens of the Gulf Cooperation Council countries (GCC), which are exempt from income tax for a period of four months, noting that the new deadline for submission will be December 31, 2021 instead of August 31.
The Authority said, in a statement today, that it has always sought to enhance the principle of tax compliance with taxpayers, stressing the importance of the commitment of small and medium-sized companies and projects owned by Qatari citizens and residents of GCC countries, to submit tax returns to avoid financial penalties.
The GTA expressed that companies exclusively benefit from the tax system which enhance their efficiency and governance, noting that the step to extend the period for submitting the tax return comes in response to the requests received by taxpayers to adjust the conditions of their companies.
The General Tax Authority works closely with its partners from the competent government entities to monitor the economic situation in the country in light of the current challenges, and it is committed to providing guarantees available to taxpayers and investors in a way that contributes to proactively support the national economy without burdening taxpayers.
JPMorgan takes on British rivals with launch of digital bank Chase
267 individuals prosecuted for violating Covid-19 precautionary measures
Prince Andrew is served accuser's sexual assault lawsuit in United States
Outsourcing Medical Technologists for Vacant Jobs in Qatar
Pfizer: Know all about the Covid-19 vaccine and its usage in Qatar
FIFA’22 over Covid-19: Qatar limbers up for the World Cup amidst a worldwide pandemic
Top 5 Art Galleries You Must Explore in Qatar
Afghan Women Speaks on Unyielding Hope of Restoring Their Homeland