The General Tax Authority (GTA) of Qatar has confirmed that taxpayers filing their income tax returns via the tax authority’s Dhareeba tax portal must also file a transfer pricing (TP) declaration of related-party transactions along with their income tax returns.
The tax authority has informally confirmed that TP declarations will be required when a taxpayer has total value of assets or has total revenue exceeding threshold amounts (expected to be set at QAR 10 million). The requirement is being applied for tax years beginning on or after 1 January 2020 and 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.
It is also confirmed that the Master file and Local requirements also apply for tax years beginning on or after 1 January 2020 and submitted upon request by the tax authority.
