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The General Tax Authority (GTA) has announced the extension of the period for submitting the tax return for the fiscal year 2020 for companies and establishments owned by Qatari citizens and citizens of the Gulf Cooperation Council countries (GCC) that are exempt from income tax for a period of four months.
The GTA noted that the new deadline for submission will be December 31, 2021, instead of August 31.
In a statement released on Monday, the Authority said that it has always sought to enhance the principle of tax compliance with taxpayers, stressing the importance of the commitment of small and medium-sized companies and projects owned by Qatari citizens and residents of GCC countries, to submit tax returns to avoid financial penalties.
The GTA said that companies exclusively benefit from the tax system which enhances their efficiency and governance, noting that the step to extend the period for submitting the tax return comes in response to the requests received by taxpayers to adjust the conditions of their companies.
The GTA works closely with its partners from the competent government entities to monitor the economic situation in the country in light of the current challenges, and it is committed to providing guarantees available to taxpayers and investors in a way that contributes to proactively support the national economy without burdening taxpayers.
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31/08/2021
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