Qatar: Transfer pricing declarations required via tax administration portal (Dhareeba)
Qatar: Transfer pricing declarations required
Taxpayers filing their income tax returns via the tax authority’s new online tax portal (“Dhareeba”) must also file a declaration of related-party transactions—a transfer pricing declaration—along with their income tax returns.
The tax authority has informally confirmed that transfer pricing declarations will be required to be filed in instances when a taxpayer has “total value of assets” or has “total revenue” exceeding threshold amounts (to be determined by the tax authority, but expected to be QR 10 million (approximately U.S. $2.74 million)).
The transfer pricing declaration must include certain transactional information about the related-party transactions, and must state which Organisation for Economic Co-operation and Development (OECD) method was used by the taxpayer to determine whether the transactions satisfy an arm’s length requirement.
The Dhareeba system is currently equipped to accept transfer pricing declarations. Accordingly, action steps that taxpayers need to consider are first to determine whether there are any related-party transactions, and if so, then whether these transactions are at an arm’s length price (if not, the taxpayer would need to make a transfer pricing adjustment in its tax return).
Read a February 2021 report [PDF 87 KB] prepared by the KPMG member firm in Qatar
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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.