Every country’s economy is based on the revenue stream generated by government. Most of the country’s primary income source is the tax revenue. this tax administration in every country supposed to be an objective exercise however, in real life mostly its a subjective manner.
the objective of the tax administration is to distribute the economic benefits from high income individuals to lower income earners. however, the extent and amount of corruption in these country’s resulting inefficient tax administration and an unlawful tax practice by the businesses and their owners. further more among the business owners the tax practice has been portrayed as a monster and or an evil. As a result, these business owners tend evade the tax in any possible extend.
Unfortunately the tax practitioners do also assist the business owners to evade the taxes to keep the business owners happy and maximize their professional fees.
Normally tax systems is considered to be a value addition to both the business owners and also to the government of any given country. Regrettably in reality business individuals consider the tax system is a huge burden and tend to evade them and to be happy by doing so. The business owners do not realize that its not the tax evasion instead its tax planning that will enhance the efficient tax administration of any given country. Further such practice will allow country to flourish with a great economic sustainability for the country.
A proper tax administration is in place will ensure the country’s economic growth in many aspects of the country, such as infrastructure, education, health and safety, security and many other aspects of the country.
For the businesses in Qatar, its imperative that to submit their tax returns prior to 30 April 2025.
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