TaxSavvyQA

Sole Qatari establishment with tiny revenue

I run a small Qatari owned shop with QAR 300,000 sales. What is the simplest way to stay compliant?

The situation

Small exempt entities can use the simplified return on Dhareeba, without audited accounts.

The law

  • Law No. 24 of 2018 and GTA filing rules for Qatari and GCC owned entities: The share of profit owned by Qatari and GCC nationals is exempt, but the entity still files

What it means for you

Your sales are well below the thresholds, so the simplified route should apply. Keep a basic income statement and bank records. File every year even with low profit, because late filing still costs QAR 500 a day.

What to do

  1. Keep simple monthly records.
  2. File the simplified return by 30 April.
  3. Renew your CR on time.
  4. Keep the acknowledgement.

We can do this for youTax return for a fully Qatari or GCC owned company (simplified or full return): QAR 3,000

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