Income Tax Return extension till the end of December 2021
The General Tax Authority has issued today circular 6/2021, in which it has extended the grace period of submitting the financial statements and Income Tax Return in the Dhareeba system, whether on an accrual basis return or simple tax return. The companies that are owned 100% by Qatar and GCC citizens and exempted from the Income Tax are supposed to file their return on the 31st of August 2021, according to the circular 2/2021; hence, this extension gives the taxpayers another four months (till the end of December 2021) to arrange all the documents and meet the deadline to avoid any delay penalty.
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Antonio Ghaleb
Antonio Ghaleb is accredited in Qatar and holding the auditor’s registration number 348. Also he is a member of the following institutions: a) American Institution of Certified Public Accountant (AICPA), b) Guam Board of Accountancy, c) Certified in Risk Management Assurance “CRMA”, d) Chartered Global Management Accountant designation “CGMA”, and e) International Financial Reporting Standards (IFRS).