TaxSavvyQA

Domestic related parties only

All our related parties are in Qatar. Do we need the Local File?

The situation

Master File and Local File apply where there is a related party outside Qatar.

The law

  • GTA President's Decision No. 4 of 2020 (transfer pricing documentation): TP declaration if revenue or assets are QAR 10 million or more; Master File and Local File if QAR 50 million or more and a related party abroad

What it means for you

The Master File and Local File apply only where there is a related party outside Qatar. The TP declaration may still be needed if revenue or assets reach QAR 10 million. Arm's length pricing applies to all related dealings either way.

What to do

  1. Confirm no foreign related parties.
  2. File declaration if over QAR 10 million.
  3. Keep support.
  4. Review yearly.

We can do this for youTransfer pricing declaration, Master File and Local File: QAR 9,000

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