TaxSavvyQA

Starting TP from 2020 years

From which year do TP files apply?

The situation

Requirements apply to financial years beginning on or after 1 January 2020.

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 documentation rules apply to financial years beginning on or after 1 January 2020. If you crossed the thresholds in earlier open years and never filed, review those years and consider filing the missing documents. Do this before a GTA review starts.

What to do

  1. Check past years.
  2. Prepare missing files.
  3. Submit.
  4. Plan going forward.

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

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