Qatar Income Tax: Notify the Contracts, Agreements & Transactions

Notify the Contracts, Agreements & Transactions:

(Article 13 of Income Tax Act, 2018 / Article 37 of Income Tax Regulation, 2019)

All establishments and organizations have to notify the income tax department the following contracts:

• The contracts with non-residents who do not have permanent establishment in the State of Qatar. Please notice that in the said case the contract shall be notified irrespective of the value of the contract.
• The contracts with residents, or non-residents who have permanent establishment in the State of Qatar. If the contract is with those who have permanent establishment, contract shall be notified only if the value of the contract is at least:
  • QAR. 200,000 in the case of service contracts.
  • QAR. 500,000 in the case of supply and service contracts.

How to Notify the Contracts?

The notification of the contracts required under Article 13 of the Income Tax Act, 2018 

 

Contents of the Statement of Notification of Contracts:

• Data of Contractors
• Nature of Contracted Work
• Duration and Value of Contract
• Country of Residence of the Contractor

The Income Tax Department (GTA) may request a copy of the contract.

 

Type of Entities liable for notification of Contract:

• Government Agencies
• Public Bodies and Institutions
• Companies
• Associations
• Private Foundations
• Charitable Organizations
• Individuals
• Establishments
• Trust Funds
• Endowment Fund
• Investment Fund

Time Limit for Notification of Contracts with Income Tax Department (GTA):

• Within 30 days from the date of contract.
• Within 30 days of request by General Tax Authority (GTA)

(Note: The author is the partner of AK & Partners Auditors and Chartered Accountants, one of the leading auditing firms in qatar)