Qatar is one of the most attractive destinations for foreign investors and entrepreneurs, thanks to its stable economy, strategic location, and business-friendly environment. Qatar offers various incentives and benefits to businesses, such as low tax rates, free zones, and double taxation treaties.
However, doing business in Qatar also involves complying with the taxation and accounting regulations and requirements, which can be complex and challenging for many business owners. That is why it is advisable to seek professional taxation and accounting services from a reputable and experienced firm, such as TrustLink.
TrustLink is a leading taxation and accounting service provider in Qatar, with a team of qualified and certified accountants, auditors, and tax consultants. TrustLink can help you with all your taxation and accounting needs, such as:
According to the Income Tax Law No. 21 of 2009, every taxpayer in Qatar is required to file an annual tax return with the General Tax Authority (GTA) within four months from the end of the tax year, which is usually the calendar year. The annual tax return must include the taxpayer’s income, expenses, assets, liabilities, and tax due or refundable.
TrustLink can help you with your annual return filing services in Qatar, by preparing and submitting your tax return accurately and timely and ensuring that you comply with the tax laws and regulations. TrustLink can also help you with your tax planning and optimization, by advising you on the best tax strategies and solutions for your business.
According to the Commercial Companies Law No. 11 of 2015, every company in Qatar is required to maintain proper books of accounts, and to file them with the Ministry of Commerce and Industry (MOCI) within six months from the end of the financial year. The accounts must be prepared in accordance with the International Financial Reporting Standards (IFRS), and must be audited by an independent auditor registered with the MOCI.
TrustLink can help you with your accounts filing in Qatar, by preparing and auditing your financial statements in accordance with the IFRS and the local standards, and by filing them with the MOCI on your behalf. TrustLink can also help you with your financial management and reporting, by providing you with timely and reliable financial information and analysis.
According to the Value Added Tax (VAT) Law No. 25 of 2018, every VAT-registered person in Qatar is required to file a simplified tax return with the GTA on a monthly or quarterly basis, depending on their turnover. The simplified tax return must include the VAT payable or refundable, based on the difference between the output tax and the input tax.
TrustLink can help you with your simplified return filing in Qatar, by calculating and reporting your VAT liability or refund, and by filing your simplified tax return with the GTA electronically. TrustLink can also help you with your VAT compliance and administration, by assisting you with your VAT registration, invoicing, record-keeping, and refund claims.
Taxation and accounting are essential aspects of doing business in Qatar, but they can also be daunting and time-consuming for many business owners. That is why you need to partner with a trusted and professional taxation and accounting service provider, such as TrustLink.
TrustLink can help you with all your taxation and accounting services in Qatar, from annual return filing to accounts filing, to simplified return filing, and more. TrustLink can also help you with other business services, such as business setup, legal consultancy, market research, and human resources. TrustLink is your one-stop solution for all your business needs in Qatar. Contact us today and let us help you grow your business in Qatar.
Trust Link
November 10, 2023