On 8 June 2022, the General Tax Authority (GTA) of Qatar issued Decision No. 10 of 2022 that amends certain provisions in Decision No. 4 of 2020 to clarify that the deadline for filing the transfer pricing Master File (MF) and Local File (LF) is 60 days after the due date for filing the corporate tax return.
Article 8 of Decision No. 4 of 2020 states that the deadline for submission is 30 June of the fiscal year following the year to which the declaration relates; however, in practice, the tax authority have allowed taxpayers only 30 days from the date on which the corporate tax return actually is submitted to file the master and local files via the online Dhareeba portal.
Decision No. 10 of 2022
According to the Decision No. 10 of 2022, amended due date for submission of the master and local file is 60 days after the due date for filing the corporate tax return; and a delay in the submission of the master or local file via the online Dhareeba portal will lead to specific transfer pricing penalties of QAR 500 per day up to a maximum of QAR 180,000.
Above all, taxpayers who submitted their corporate tax returns on 30 April 2022 should now get ready to submit the MF/LF on or before 30 June 2022. The amendment also reaffirms that the requirement to submit the master and local file applies to tax years beginning on or after 1 January 2020.
