Latest news with #FinancialPenaltyExemptionInitiative
Qatar Tribune
09-07-2025
- Business
- Qatar Tribune
MSDF, GTA come together to raise tax compliance awareness among ‘Home Grown' project owners
QNA Doha The Ministry of Social Development and Family (MSDF), in cooperation with the General Tax Authority (GTA), organised an awareness workshop for owners of 'Home Grown' projects entitled 'Your Step Towards Tax Compliance for Home Grown Projects.' Through this workshop, MSDF aims to enhance tax awareness among Home Grown project owners, simplify procedures for taxpayers, support voluntary compliance, and provide an interactive platform for raising direct inquiries with relevant specialists. Commenting on the programme, Director of the Family Empowerment Department at MSDF Fatima Al Nuaimi said that the ministry is keen to provide full support to the owners of 'Home Grown' projects and to strengthen their role in the local economy, adding that these efforts aim to instil a culture of sustainability and encourage individuals and families to shift from consumption to production. The programme of the workshop, delivered by GTA, featured several key discussions, including requirements for filing tax returns and paying income tax, registration methods and procedures for various licences including home-based businesses, filing a Simplified Tax Return through the 'Dhareeba' platform, data update processes, and the verification of residency for GCC citizens. Additionally, the workshop addressed financial penalties for late tax return filings, the Financial Penalty Exemption Initiative, and the process for cancelling tax number registration. The workshop also shed light on the individuals and entities required to submit a tax return, which include the following categories: all companies, regardless of their commercial activity status, and individuals engaged in economic activities within the country, even those with tax exemptions. The workshop further clarified that companies eligible for income tax exemption are: those wholly owned by Qatari citizens or citizens of GCC countries, on the condition that they demonstrate proof of residency in Qatar. GTA also highlighted its '100 percent Financial Penalty Exemption Initiative', effective from March 1 to August 31, which intends to support companies and alleviate their tax burdens by providing a full exemption on unpaid penalties, as per the Income Tax and Excise Tax Laws. Consequently, the tax return filing deadline has been extended to align with the initiative's duration, in accordance with the approved regulations and provisions.
Gulf Insider
04-07-2025
- Business
- Gulf Insider
Qatar Waives $247M in Tax Penalties for 4,000 Firms
Qatar's General Tax Authority (GTA) has successfully granted full exemptions on penalties totalling more than QR900m ($247m) to 4,000 taxpayers since the rollout of its 100 per cent Financial Penalty Exemption Initiative on March 1, 2025. The initiative underscores the GTA's strategic commitment to making tax administration more transparent and efficient. By waiving penalty fees in full, the authority not only provides immediate relief to businesses but also incentivises proactive adherence to tax laws and regulations. Launch Date: March 1, 2025 March 1, 2025 Total exempted penalties: Over QR900m ($247m) Over QR900m ($247m) Participating taxpayers: Approximately 4,000 companies Approximately 4,000 companies Objective: Encourage voluntary compliance and reduce administrative backlogs The significant participation underscores the value taxpayers place on this opportunity provided by the GTA. This initiative empowers companies through smoother compliance with tax laws and regulations. Also Read: Etihad Airways Announces New Flights to Russia, Poland, and Oman
Qatar Tribune
11-06-2025
- Business
- Qatar Tribune
GTA receives taxpayers for direct support regarding Financial Penalty Exemption Initiative, Simplified Tax Return submission
DOHA: The General Tax Authority (GTA) has announced that it is receiving taxpayers at its headquarters to provide information, and answer inquires related to the Financial Penalty Exemption Initiative, in addition to submitting the Simplified Tax Return. The GTA added that this comes as part of its ongoing efforts to facilitate procedures, reduce burdens, and enhance levels of voluntary compliance. The Authority clarified that this initiative will continue on Sundays, Tuesdays, and Thursdays each week, from 8amto 12pm, until August 31, at the GTA Tower. It noted that this step is part of a broader plan aimed at improving the taxpayers' experience and providing more efficient and flexible services. The Authority also provides taxpayers with support and guidance services regarding the Simplified Tax Return, aiming to facilitate the filing procedures and enable them to fulfill their tax obligations accurately and smoothly, thereby increasing transparency and promoting a culture of tax compliance. The Financial Penalty Exemption Initiative is a distinctive initiative aimed at enabling taxpayers to settle their tax status by exempting them from penalties resulting from delays in registration, filing returns, or paying dues. This initiative grants a 100 percent exemption from financial penalties until August 31, subject to a set of terms and conditions. The General Tax Authority reaffirmed its commitment to delivering effective and integrated tax services that support the business environment and contribute to achieving sustainable economic development.
