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
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.