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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Qatar’s GTA extends deadline for filing of income tax returns

The GTA said that companies benefit from the tax system due to enhancement of efficiency and governance.
  • The GTA however has excluded companies operating in petroleum operations and petrochemical industries, besides taxpayers who have accounting periods different from the tax year
  • The authority maintained that it has always emphasized the principle of tax compliance, stressing the importance of the commitment of all firms to submitting tax returns on time

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.

Also read: Qatar and Czech Republic sign deal to prevent tax evasion

Last year, the GTA announced the completion of tax and customs procedures for the arrival of the first shipment bearing digital tax stamps. 

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.