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Qatar: Country-by-country reporting requirements

Qatar: Country-by-country reporting requirements

The country-by-country (CbC) reporting requirements in Qatar have been published in the official gazette, with the CbC reporting requirements having an effective date of 10 September 2018.

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The Qatar CbC reporting requirements are based on the model CbC reporting legislation provided under Action 13 of the OECD’s base erosion and profit shifting (BEPS) project. 

CbC reporting, notification rules

Multinational enterprises (MNEs) that have consolidated revenue greater than QAR 3 billion (approximately €700 million) are required to prepare and submit a CbC report to the Qatari competent authority. Qatar is a signatory to the Multilateral Competent Authority Agreement on the Automatic Exchange of Country-by-Country Reports.

Constituent entities of MNEs (i.e., a business unit of the MNE group that is included in the consolidated group for reporting purposes) that are residents in Qatar are required to notify the Qatar competent authority: 

  • If they are designated as the ultimate parent entity or the surrogate parent entity of the MNE. 
  • If they are not the parent entity, they must inform Qatar competent authority of the identity and the place of residence of the parent or surrogate parent.

These notifications must be made before the end of the subject reportable year—except for those related to 2017, the notification of which must be reported before 31 December 2018 or any other date as determined by the Qatar competent authority. 

The CbC reporting requirement is effective in Qatar for all financial years starting on or after 1 January 2017, and the CbC report must be submitted within 12 months from the end of the reportable financial year. 

 

For more information, contact a KPMG tax professional in Qatar:

David Snowden | +974 445 76 444 | dsnowden@kpmg.com

Barbara Henzen | +974 445 76 444 | bhenzen@kpmg.com

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