Transfer Pricing Solutions and Rules - Qatar
In 2018, Qatar introduced country-by-country reporting (CbCR) rules, to meet one of the minimum standards for members of the Inclusive Framework. On 13 December 2018, Law No. 24 of 2018 was issued to promulgate a new income tax law. The new law replaces Law No. 21 of 2009 and is effective from 14 December 2018.
On 11 December 2019, Qatar’s General Tax Authority (GTA) published Executive Regulations (ER) relating to the implementation of Income Tax Law No. 24 of 2018 (Income Tax Law) which included transfer pricing provisions. The ER established TP compliance and documentation requirements for entities in Qatar but required confirmation on threshold and submission deadlines. The Decision requires taxpayers to comply for years starting on or after 1 January 2020.