The General Tax Authority has confirmed the applicability of the additional Transfer Pricing guidelines for documentation and compliance in Qatar, which was approved by way of the President’s Decision No 4 of 2020.
The specific reporting requirements are effective from financial years beginning on of after 1 January 2020. The documentation and reporting requirement shall entail:
The Decision also provides guidance on the content of the Transfer Pricing Declaration, Master File and Local file.
It is worthwhile to note that the Dhareeba system is also programmed and equipped to support submissions of the detailed information requirements under the Transfer Pricing Declaration, Master File and Local File.
Watch this space for more.
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