Qatar: Late payment interest is 0% through 31 August (COVID-19)

Qatar: Late payment interest is 0% through 31 August

The rate of interest on late payments of tax is set at 0% for the period beginning 1 March 2020 through 31 August 2020—a relief measure offered in response to the coronavirus (COVID-19) pandemic.

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Late payments of tax result in the imposition of interest. Under the tax regulations, taxes are required to be paid within six months of the year-end; accordingly, tax payments for entities with accounting periods ending 31 December 2019 are due by 30 June 2020. Any late payment would be subject to an interest assessment.

  • For the period from 1 March 2020 to 31 August 2020, the rate of interest is set at 0%.
  • For the period beginning 1 September 2020, the rate of interest is set at 5%.

In effect, companies with a 31 December year-end are allowed two additional months to pay interest without incurring a late-payment interest charge.

Read a May 2020 report [PDF 38 KB] prepared by the KPMG member firm in Qatar

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