Cabinet Decision No. 39 of 2019, Article 32, mandates that taxpayers engaged in tax-exempt activities must still submit a tax return. This return must include a financial position statement and a profit or loss statement, along with comprehensive notes and schedules. If specific criteria from Article 33 are met, these accounts must be audited by a registered auditor in the state. This ensures that the Authority can monitor exempt entities to verify they continue to meet the legal requirements for their tax-exempt status under Qatari law.
SECTION 3 - TAX OBLIGATIONS
Chapter 2 - Tax Returns
Article 32
A taxpayer conducting tax-exempt activities under any applicable laws in the state must submit a tax return accompanied by the financial position statement and profit or loss and comprehensive income statement for the accounting period, with notes, data, and schedules attached or supplementary to them, audited by an auditor registered in the state if any of the conditions specified in Article 33 of this Regulation are met.
Continue Reading
Access Full Content
You're viewing a preview of this document. Please log in to unlock the complete content, annotations, and research tools.