Qatar’s General Tax Authority (GTA) raises awareness for the Dhareeba portal

25/04/21

In line with the Circular No. 2 of 2021, Qatar`s General Tax Authority (GTA) announced that all legal entities with a commercial registration or a tax card must submit their income tax returns through the Dhareeba portal (online).

It is important to differentiate between the standard tax return model and the simplified tax return model which will be used for filing purposes.

The simplified tax return model is exempt from tax which applies to legal entities owned by nationals of the State of Qatar or citizens of the Gulf Cooperation Council. It applies to legal entities whose share capital is less than QAR 1.00 million (USD 275 thousand) and whose revenue is less than QAR 5.00 million (USD 1.35 million) per year. The GTA has granted a four month extension for the submission of the simplified tax return.

The circular states that a non-compliance with the policies will result in a financial penalty of QAR 500 (USD 135) for each day of delay up to a maximum of QAR 180 thousand (USD 49.30 thousand). It is in line with Article 24 of the Income Tax Law.

Further, the country is gearing up to implement the Value-Added Tax (VAT) laws. All legal entities have been advised to get VAT ready in order to avoid complications when the new system kicks in.

The implementation of VAT will be an additional source of income for the government of the State of Qatar.

Please click on the link and reach out to us to learn more about the latest tax related updates and Business Start Up Qatar.

Other News

BSUQ News 78 - Thumb - New

Qatar’s land transport sector Sees 75% surge in transactions

Qatar's land transport sector demonstrated remarkable growth in the first nine months of 2024 with the Ministry of Transport executing a total of 9,238 transactions. This marks a 17% increase from the...

Read more
BSUQ News 76 - Thumb - New

Qatar positioning itself as global business hub for investors

Qatar has established itself as a prominent global business hub, particularly in the real estate sector, reflecting the nation’s commitment to economic advancement and resilience. This dynamic market...

Read more
BSUQ News 75 - Thumb - New

Qatar`s TASMU Accelerator attracts over 640 applications

Qatar's Ministry of Communications and Information Technology (MCIT) recently closed registration for the 2024 cohort of the Smart Qatar - TASMU Accelerator programme. The scheme attracted over 640 applications...

Read more
BSUQ News 73 - Thumb - New

Qatar’s clean energy strategy targets renewables

Qatar’s future energy strategy aims to diversify into renewables, targeting a solar capacity increase to 5 Giga Watts (GW) by 2035.

Furthermore its strategy aims to leverages Qatar’s competitive...

Read more
BSUQ News 72 - Thumb

Qatar witnesses impressive growth in non-oil sectors

Qatar’s non oil revenues are expected to outperform all industries after recording growth of 2.2% this year, according to a report by Fitch Solutions. The company also indicated that numerous industries...

Read more
BSUQ News 71 - Thumb

Qatar Free Zones Authority launch visa service office

Qatar Free Zones Authority (QFZ) and the General Directorate of Passports at the Ministry of Interior (MOI) have officially inaugurated the Ras Bufontas Free Zone Visa Service Office.

This strategic...

Read more
BSUQ News 70 - Thumb

Qatar’s agricultural sector expected to grow significantly

Qatar’s agriculture sector has experienced significant growth and is projected to reach approximately QAR 812 million (USD 223.1 million) by 2029 according to research by Mordor Intelligence.

As a...

Read more
BSUQ News 69 - Thumb

Qatar concludes Northern European tour building relations

Qatar recently concluded a European tour encompassing Norden countries Sweden, Norway and Finland with the aim of enhancing ties and exploring issues of mutual interest.

Commencing the visit in Sweden,...

Read more

Page Break