Transfer pricing in Qatar at a glance
|Regulation Type||National regulations|
|Are there specific transfer pricing regulations?||Yes|
|Submission deadline upon request||N/A|
|Annual update required||N/A|
|Official language requirements||N/A|
|Potential impact of penalties||N/A|
Qatar tax law
Rules for transfer pricing in Qatar are based upon:
- Qatar Income Tax Law, Law No. 21 of 2009
In Qatar the Comparable Uncontrolled Pricing method is the only accepted method. This method, however, is not always applicable. If such is the case, a taxpayer could fill an application in order to ask if it may use OECD prescribed methods. Besides this, no OECD reference are made in Qatar.
Accepted methods are:
Rules for transfer pricing in Qatar prescribe that only the Comparable Uncontrolled Pricing method can be used.
Information that should be included in the documentation:
Rules for transfer pricing in Qatar currently do not prescribe any documentation requirements
Requirements to prepare documentation annually
Submission deadline upon request by tax authorities
Advance Pricing Agreements
There is currently no Advance Pricing Agreements procedure in place.
Rules for transfer pricing in Qatar currently don’t provide for rules about penalties.