Doha, Qatar–Qatar’s General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities subject to the income tax law for one additional month to end on May 31, 2023.
Excluded from this extension are companies operating in the field of petroleum operations and petrochemical industries, in addition to taxpayers who have accounting periods different from the tax year defined in Article (1) of the Income Tax Law promulgated by Law (24) of the year 2018 and its amendments, the GTA indicated in its statement Thursday.
The GTA pointed out that it has always sought to enhance the principle of tax compliance among taxpayers, stressing the importance of the commitment of all companies in the country to submitting tax returns on time, as that results in the avoidance of being exposed to financial penalties.
The GTA explained that companies benefit greatly from the tax system due to the consequent enhancement of their efficiency and governance.
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Last year, the GTA announced the completion of tax and customs procedures for the arrival of the first shipment bearing digital tax stamps.Â
In a statement, the authority said that digital tax stamps are distinctive marks in the form of a physical label or digital code containing encrypted data, placed on goods subject to excise tax and are activated electronically.
The digital tax stamp on goods will enable monitoring and tracking of the movements of these goods within the Qatari market. It will also help in verifying their source and ensuring they are legally traded.