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Update - Qatar Requiring Transfer Pricing Declaration with Tax Return

09 February 2021

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Approved Changes

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Qatar

As previously reported, the Qatar General Tax Authority (GTA) has confirmed that taxpayers are required to submit a transfer pricing declaration with their tax return if exceeding a specified revenue or asset value, which is expected to be set at QAR 10 million. The requirement is being applied for tax years beginning on or after 1 January 2020, meaning that the first submission of the declaration is required with the tax return due 30 April 2021 for both resident companies and permanent establishments (PE) in Qatar of non-residents. Information contained in the declaration includes: A general overview of group activities;...