Impact Of COVID-19 Outbreak On The Financial Statements   The novel COVID-19 is spreading and evolving rapidly, and accordingly, it has the potential to create significant changes for accountants, who prepare the financial statements and also for auditors as well. Auditors would face difficulties in reaching the supporting documents and evidence to support their opinion. I have attached a summary … Read More

QDB Soft Loan Scheme Grants   Upon the directives of HH the Amir Sheikh Tamim bin Hamad Al -Thani, to support the economic and financial sector within the framework of the precautionary measures to combat the spread of the coronavirus (Covid-19), and HH the Amir’s directives to support and provide financial and economic incentives, amounting to QR 75 billion for … Read More

Tax Declaration And Financial Statements Submission   The General Tax Authority has issued a circular on the 12th of March 2020, extending the submission period of the Tax declaration and Financial Statements till the 30th of June 2020. This circular applies to all companies that have an accounting period ended by the 30th of April 2020. More case studies Filing … Read More

Income Tax Payment   The General Tax Authority has issued a circular on the 12th of March 2020, extending the income tax payment due on all companies that have to pay the income tax till 30th of June 2020. This circular applies to all companies that have an accounting period ended by the 30th of April 2020. More case studies … Read More

Loan Extension Relief   The Qatar Central Bank has issued a circular number 5 on the 22nd of March 2020 requesting all banks in Qatar to postpone all payments installments and interest for six months period. This program covers only companies that have affected by the COVID-19 outbreak. There is no precise mechanism about the process. However, you have to … Read More

Government Grant   The Emir has announced that the government has granted QR 75,000,000,000 to all affected sectors by COVID-19. However, there is no clear guidance and process about it. We will update this section as soon as we receive any update. More case studies Filing Income Tax Return For Qatari And GCC Companies 31 October 2022 Qatar Financial Center … Read More