The Ministry of Finance issued Ministerial Decision no. 16 of 2019 regarding the country-by-country (CbC) reporting requirements in Qatar.
The 2019 ministerial decision replaces the Ministerial Decision no. 21 of 2018 and includes the following guidelines for CbC reporting.
CbC reporting requirements
Entities that meet the following conditions are required to file their CbC notifications and CbC reports in Qatar:
Reporting period, due date, format
Only ultimate parent entities that are tax residents in Qatar are required to file a CbC notification and CbC report.
Penalties for non-compliance
There are penalties for non-compliance with CbC reporting obligations:
As of September 2019, Qatar has signed Multilateral Competent Authority Agreements (MCAAs) for the automatic exchange of information with 56 countries. Accordingly, an MNE group with operations in a country (other than the countries with existing MCAA) will need to consider that their reporting obligations are satisfied with the other signatory country.
Read a September 2019 report [PDF 69 KB] prepared by the KPMG member firm in Qatar
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