Preparation of Returns (Income Tax Declaration)


Tax return or Income tax declaration is a statement wherein a taxpayer acknowledges and declares the amount of taxable income and the tax due in accordance with the form provided by PRTD.

Companies subject to tax shall submit an income tax declaration and pay tax due to PRTD within four months from the end of the accounting period. While those companies exempt from tax are still required to file income tax declaration with the balance sheet and the profits and losses account audited by an accredited auditor as attachments.

The penalty for late filing of tax return is QAR100 per day of delay to a maximum of QAR36,000. Separate penalty applies for the late payment of tax, which is 1.5% of the amount of tax due per month, or part thereof, up to the amount of the tax due.

These financial and legal consequences might ensue due to failure of compliance on regulations, notwithstanding whether the noncompliance is inadvertent and unintentional to the penalized company. Companies are exposed to these risks, all the more reason to seek for a partner firm having the technical and professional expertise. JBA & Partner’s experienced professionals work closely with clients rendering immediate results without compromising the quality of the service, striking balance between reliability and relevance.