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Tax Companies News And Events

Jun 30 2021 | Parker Russell global News

1) Due date for Filing Return
aS PER CIRCULAR 1/2021 DATED 24/03/2021, Due date for filing Tax Returns for the year ended 31st December 2020 extended until 30th june, 2021 (Except for oil and Gas Exortion Companies)
2) Tax Return Filing and Submission of Audited Financials for 100%Qatari and GCC owned companies (Tax Exempted Companies)
•    Due date extended till 31st Auguest 2021
•    Limit for Tax Return and Audited  Financials reduced to 1Million Capital and 5 Million Turnover (Earlier 2 Million Capital and 10 Million Turnover)
•    Simplified Return for Exempted Companies below the above limits
•    Penalty for delayed submission for exempted companies QR.500 per day upto maximum of QR.180,000 per Annum (Earlier QR 10000/-)