Latest news with #IncomeTaxLaw
Zawya
6 days ago
- Business
- Zawya
Qatar's GTA urges taxpayers to submit their tax returns before deadline
Doha, Qatar: As part of its efforts to promote a culture of voluntary tax compliance and to reinforce the principles of partnership and mutual trust with taxpayers, the General Tax Authority (GTA) renews its call for all registered taxpayers to submit their tax returns for the 2024 fiscal year through the Dhareeba Tax Portal, before the final deadline of Aug. 31, 2025, in order to avoid any penalties or legal actions due to delays. In a statement, the GTA emphasized that this requirement is in line with the provisions of the Income Tax Law (Law No. 24 of 2018) and its executive regulations and amendments. All companies and institutions holding a commercial registration or license within the State are required to submit their tax returns within the specified timeframe, including tax-exempt entities, companies fully owned by Qatari citizens or GCC nationals, and companies with foreign partners. Within this framework, the GTA reaffirmed the continuation of the 100 percent Financial Penalty Exemption Initiative, which gives taxpayers the opportunity to regularize their tax status without incurring additional financial burdens, in accordance with the approved terms and conditions. The initiative is valid until Aug. 31, 2025, and taxpayers can submit exemption requests and the required documents easily via the Dhareeba Tax Portal. GTA indicated that this initiative is part of its strategic approach to supporting the national economy and encouraging entrepreneurs to comply voluntarily by providing a flexible and incentivizing tax environment that strengthens the confidence of the business and investment sectors, contributing to the development of a diversified and sustainable economy. This effort reflects the GTA's ongoing commitment to supporting taxpayers by reducing financial burdens, simplifying procedures, and helping them rectify their tax status and meet their legal obligations. The GTA also confirmed that its technical support and customer service teams are available to provide tax consultations at the GTA Tower on Sundays, Tuesdays, and Thursdays, from 8am to 12pm, until August 31, 2025. Taxpayers can also receive support via the call center (16565) or by email. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Qatar Tribune
6 days ago
- Business
- Qatar Tribune
GTA reminds taxpayers to file returns by August 31
Tribune News Network Doha As part of its efforts to promote a culture of voluntary tax compliance and to reinforce the principles of partnership and mutual trust with taxpayers, the General Tax Authority (GTA) renews its call for all registered taxpayers to submit their tax returns for the 2024 fiscal year through the Dhareeba Tax Portal, before the final deadline of August 31, 2025, in order to avoid any penalties or legal actions due to delays. The authority emphasised that this requirement is in line with the provisions of the Income Tax Law (Law No. 24 of 2018) and its executive regulations and amendments. All companies and institutions holding a commercial registration or license within the State are required to submit their tax returns within the specified timeframe, including tax-exempt entities, companies fully owned by Qatari citizens or GCC nationals, and companies with foreign partners. Within this framework, the GTA reaffirmed the continuation of the 100 percent Financial Penalty Exemption Initiative, which gives taxpayers the opportunity to regularize their tax status without incurring additional financial burdens, in accordance with the approved terms and conditions. The initiative is valid until August 31, 2025, and taxpayers can submit exemption requests and the required documents easily via the Dhareeba tax portal. This initiative is part of the Authority's strategic approach to supporting the national economy and encouraging entrepreneurs to comply voluntarily by providing a flexible and incentivising tax environment that strengthens the confidence of the business and investment sectors, contributing to the development of a diversified and sustainable economy. This reflects GTA's commitment to supporting taxpayers by reducing financial burdens, simplifying procedures, and helping them rectify their tax status and meet their legal obligations. The GTA also confirmed that its technical support and customer service teams are available to provide tax consultations at the GTA Tower on Sundays, Tuesdays, and Thursdays, from 8 AM to 12 PM, until August 31, 2025.
Qatar Tribune
6 days ago
- Business
- Qatar Tribune
GTA urges taxpayers to submit their tax returns before deadline
DOHA: As part of its efforts to promote a culture of voluntary tax compliance and to reinforce the principles of partnership and mutual trust with taxpayers, the General Tax Authority (GTA) has renewedits call for all registered taxpayers to submit their tax returns for the 2024 fiscal year through the Dhareeba Tax Portal, before the final deadline of Aug. 31, 2025, in order to avoid any penalties or legal actions due to delays. In a statement, the GTA emphasized that this requirement is in line with the provisions of the Income Tax Law (Law No. 24 of 2018) and its executive regulations and amendments. All companies and institutions holding a commercial registration or license within the State are required to submit their tax returns within the specified timeframe, including tax-exempt entities, companies fully owned by Qatari citizens or GCC nationals, and companies with foreign partners. Within this framework, the GTA reaffirmed the continuation of the 100 percent Financial Penalty Exemption Initiative, which gives taxpayers the opportunity to regularize their tax status without incurring additional financial burdens, in accordance with the approved terms and conditions. The initiative is valid until Aug. 31, 2025, and taxpayers can submit exemption requests and the required documents easily via the Dhareeba Tax Portal. GTA indicated that this initiative is part of its strategic approach to supporting the national economy and encouraging entrepreneurs to comply voluntarily by providing a flexible and incentivizing tax environment that strengthens the confidence of the business and investment sectors, contributing to the development of a diversified and sustainable economy. This effort reflects the GTA's ongoing commitment to supporting taxpayers by reducing financial burdens, simplifying procedures, and helping them rectify their tax status and meet their legal obligations. The GTA also confirmed that its technical support and customer service teams are available to provide tax consultations at the GTA Tower on Sundays, Tuesdays, and Thursdays, from 8am to 12pm, until Aug. 31, 2025. Taxpayers can also receive support via the call center (16565) or by email.
Leaders
05-08-2025
- Business
- Leaders
ZATCA Reminds Businesses to Submit July Withholding Tax Filings by August 10
The Zakat, Tax and Customs Authority (ZATCA) is reminding businesses in Saudi Arabia subject to withholding tax to file their July returns by August 10 via its website: to avoid late-payment penalties. ZATCA warned that late submissions will incur a 1% fine on the unpaid tax for every 30 days of delay past the due date. For assistance, taxpayers can reach ZATCA through its 24/7 call center at 19993, on X via @Zatca_Care, by email at [email protected], or through the live chat feature on the website. Withholding tax applies to payments made from within the Kingdom to non-resident entities without a permanent establishment in Saudi Arabia, based on the rates outlined in Article 68 of the Income Tax Law and Article 63 of its Implementing Regulations. Related Topics: ZATCA Announces 19th Wave of E-Invoicing Integration Hajj 2025: SDAIA Boosts Makkah Route Initiative with Technical Services Ivorian Hajj Pilgrims Applaud Makkah Route Initiative Makkah Route Initiative: Saudi Arabia Streamlines Luggage Handling for Pilgrims – Video Short link : Post Views: 13 Related Stories
Business Recorder
13-07-2025
- Automotive
- Business Recorder
Finance Act 2025: Pakistan's auto industry grapples with enforcement challenges
ISLAMABAD: The auto industry is confused to deal with the enforcement of the Finance Act 2025 which has restricted ineligible persons from booking or purchasing motor vehicles from July 1, 2025. The Federal Board of Revenue (FBR) Member Inland Revenue (Policy) has received a letter from Pakistan Automotive Manufactures Association (PAMA) seeking clarification on bar on Booking and Purchase of Motor Vehicles under the Finance Act 2025. According to the PAMA, refer to the subject matter regarding the enforcement of the new law under the Finance Act 2025, which restricts ineligible persons from booking or purchasing a motor vehicle. The law further mandates that any motor vehicle booked or purchased by such persons shall not be registered by the relevant authorities. In this regard, we request clarifications to facilitate the smooth transition and effective implementation of the new law: 'Localization transforming Pakistan's automotive industry' a) The process for determining eligibility remains unclear. Since the restriction applies at the booking stage—the initial step towards vehicle purchase—it implies that every prospective buyer must first obtain an eligibility certificate or similar approval from the competent authority before proceeding. b) As the eligibility certificate will be a crucial document, we request that the issuance mechanism be defined promptly to avoid delays in motor vehicles bookings. It is suggested that FBR consider developing an eligibility portal similar the filers portal. c) The definition of an eligible person under the Income Tax Law applies to individuals, companies, and associations of persons. This condition should not apply to purchases made by the Federal Government, Provincial Government, Local Government, Armed Forces and their related departments, Organisations, authorities, etc. As the new law has already come into effect from July 1, 2025, we anticipate delays in operational clarity. In the interim, we urge the government to consider allowing temporary bookings for waiting customers until requisite clarifications are issued. The association referred to section 114C (Restriction on economic transactions by certain persons), Notwithstanding anything contained in any law for the time being in force, —(a) any application, by any ineligible person, for booking, purchase or registration of a motor vehicle of the value exceeding the threshold given in Fifteenth Schedule, shall not be accepted or processed by any manufacturer of a motor vehicle or vehicle registering authority of Excise and Taxation Department, as the case may be, the new section in the Income Tax Ordinance 2001 stated. The FBR's early attention and action to this matter will be highly appreciated, it added. Copyright Business Recorder, 2025
