The Qatar General Tax Authority has called on companies which are 100% Qatari or companies which have a Gulf partner who is residing in Qatar to submit a simplified tax return. These returns must be submitted by no later than 31 August 2021.
The authority explained through a tweet which it posted on its official Twitter account – the conditions for submitting the declaration. A company can submit a simplified tax return if the company has capital of less than 1 million Riyals and annual revenue of less than 5 million Riyals. The company’s head office must be in Qatar and there accounts will not require approved by an audit firm.
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