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Temporary relief from late payment penalties

  • QA
  • April 07th 2020
  • By Jeanine Daou

On 30 March 2020, the Qatar Financial Centre (QFC) issued a Public Notice in which it reduced the late payment penalty rate from 5% to 0% - effectively abolishing the penalty. The reduction is effective for the period 1 March 2020 to 31 August 2020. The QFC also recently reminded taxpayers to apply for an extension to tax filing deadlines if they expect a delay with tax filing, and it is anticipated that in light of the current COVID-19 challenges, taxpayers' applications will be viewed positively by the QFC.

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