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TAXES

Why Have Tax?   Taxes Benefit Everyone Taxation is one of the several ways to mobilize governmental revenue to manage an economy and to provide public services. Governments use taxes to fund and support their economic and social development policies for the public interest, to promote public

IMPORTANT QATAR TAX UPDATES

As per the Circular No: 1 and 2 of 2021 of the General Tax Authority (GTA) issued on 24th March 2021, the key implications of both circulars are as follows:    1. With effect from the year ended 31 December 2020, all companies fully owned by Qatari/GCC nationals are required to file income tax

IMPORTANT UPDATE - QATAR INCOME TAX FILING REQUIREMENT

In accordance with Article 69 of Cabinet Resolution No 39 of 2019 on executive regulation of Income Tax Law, all Companies are required to close the books of accounts as on 31st December of every calendar year starting from December 2019. The new accounting period for all companies will be from 1st

QATAR CORPORATE TAX FILING 2020 TAX ALERT

In September 2020, the General Tax Authority (The GTA) introduced the new online tax portal “Dhareeba” which enables all registered taxpayers to submit their annual corporate income tax returns as well as various other declarations and reports electronically. Tax Filing Deadline First of

THE NEW EXECUTIVE REGULATIONS (ER) TO LAW NO. 24 OF 2018

The new Executive Regulations (ER) to Law No. 24 of 2018 were issued by way of the Decision No. 39 of 2019 of the Council of Ministers and published in the Official Gazette on 11 December 2019. The new Executive Regulations repeal and replace the old Executive Regulations. The new ER’s contain a