(MENAFN) The General Tax Authority (GTA) in Qatar has announced an extension of the deadline for submitting the tax return for 2022 for all entities subject to the income tax law by one additional month, ending on May 31, 2023. This extension does not apply to companies operating in the field of petroleum operations and petrochemical industries.
The GTA has emphasized the importance of tax compliance among taxpayers and urged all companies in the country to submit their tax returns on time to avoid financial penalties. The extension of the deadline aims to provide additional time for taxpayers to prepare and submit their tax returns accurately and on time.
Taxpayers who have accounting periods different from the tax year defined in Article (1) of the Income Tax Law promulgated by Law (24) of the year 2018 and its amendments are also excluded from this extension.
The GTA has highlighted the benefits that companies can derive from the tax system, including enhanced efficiency and governance. By complying with the tax regulations, companies can avoid penalties and build a positive reputation in the market.
The GTA has been working to enhance tax compliance among taxpayers in Qatar by implementing various measures, including awareness campaigns and simplified tax procedures. The authority aims to create a culture of tax compliance in the country and promote transparency in the tax system.
Overall, the extension of the deadline for submitting tax returns in Qatar is a positive step towards supporting taxpayers and ensuring compliance with the tax regulations. The GTA's efforts to enhance tax compliance will contribute to the growth of the economy and the development of the business environment in the country.
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