Article 148 - Determination of Financial Sanction

(1) The Tax Department may make a determination imposing a financial sanction under any provision of these Regulations that provides for a financial sanction, determining the amount of the financial sanction at such level, up to the maximum amount provided for, as they consider correct and appropriate except that a determination in respect of a financial sanction under Article 119(1) shall be up to an amount of QR 20,000 or, in respect of a tax-related sanction imposed by Article 119(4), 20% of any unpaid tax (if higher than QR 20,000).
(2) Notice of a determination of a financial sanction under this Article shall be served on the Person liable to the financial sanction and shall state the date on which it is issued and the time within which an appeal against the determination may be made.
(3) The provisions of these Regulations regarding appeals, collection and recovery shall apply with respect to the determination of a financial sanction issued under this Article as if the determination were an assessment to corporation tax and the financial sanction imposed by the determination was tax payable under such an assessment issued on the same day as the determination of the financial sanction.
(4) The financial sanction imposed by a notice of determination issued in accordance with this Article shall be due and payable 30 days from the date of issue of the notice.
(5) Where the amount of a financial sanction is to be ascertained by reference to tax payable by a QFC Entity for any Accounting Period the financial sanction may be determined—
(a) at any time within 6 years after the date on which the financial sanction was incurred; or
(b) within 3 years after the final determination of the amount of tax by reference to which the amount of the financial sanction is to be ascertained,
whichever is later.
(6) Where the amount of any financial sanction is to be ascertained other than by reference to tax payable by a QFC Entity for any Accounting Period the financial sanction may be determined at any time within 6 years after the date on which the financial sanction was incurred.
(7) The Tax Department may in their discretion mitigate, partly or wholly, or entirely remit any financial sanction exigible under these Regulations.
Amended (as from 18th June 2014)