Qatar Tax Laws : Within how many days of CR date a Co. (with foreign partner in CR)have to apply for Tax Card & what are consequences if not applied?

thanks for invitation Anil bay!

The tax law says that if you are a taxpayer and you arecarrying on a business activity in Qatar then you shouldregister with the PRTD and submit an application for a taxcard within 30 days from whichever is the earlier date,of obtaining commercial registration or the first day ofrealisation of income from the activity. In practice it isprudent to act within 30 days of obtaining commercialregistration even if there may be a delay before you receiveyour first income from the activity.A penalty of QAR5000 ($1370) may be imposed for failureto register and apply for a tax card within the deadline. Theduration of the first taxable period must be a minimum ofsix months and a maximum of 18 months. Thereafter, eachperiod will be 12 months in duration. The default tax yearenddate is December 31. An application may be made to thePRTD to seek approval for a different year-end date.