If you are setting up a company in Qatar, it is recommended to pay attention to the applicable accounting rules. This article provides information about the main accounting services our team of specialists offers to our customers.
| Quick Facts | |
|---|---|
| Who needs accounting services? |
Local and foreign companies with activities in Qatar |
|
Bookkeeping services provided by our team (YES/NO) |
Yes |
|
Payroll services (YES/NO) |
Yes
|
| Annual financial statements (YES/NO) |
Yes |
| Tax registration and compliance (YES/NO) | Yes
|
| Accounting standards used in Qatar |
– International Financial Reporting Standards (IFRS), – Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) |
| Jurisdictional Authority |
Qatar Financial Markets Authority |
| Internal and external audits | Made by our certified accountants |
| Financial advisory for companies (YES/NO) | Yes |
| Budgeting and forecasting (YES/NO) | Yes |
| Financial evaluation of a firm |
Made with Governance, Risk, and Internal Control (GRIC) |
| Tax minimization solutions (YES/NO) | Yes |
| Accounting for all companies in portfolio | Yes, we provide a dedicated plan |
| Accounting and data maintaining | For at least 10 years in the firm |
| Costs for accounting services in Qatar |
Depending on: – the size of company, – number of employees, – number of bank accounts |
Table of Contents
What types of accounting services do you offer in Qatar?
- Payroll,
- Bookkeeping,
- Audits,
- Support in annual financial statements,
- HR related services,
- Support in tax registration,
- Tax minimization methods, and many more.
What is the accounting legislation applicable in Qatar?
- International Financial Reporting Standards (IFRS),
- Law No. 8 of 2020 on the Regulation of the Auditing Profession, etc.
Who regulates accounting in Qatar?
- Ministry of Commerce and Industry (MOCI),
- Association of Certified Public Accountants.
Here is an infographic related to accounting services in Qatar:
What does bookkeeping entail?
- recording all daily financial operations of a company,
- daily financial data entry,
- maintaining the general ledger and many more.
What types of payroll services do you provide in Qatar?
- calculating payroll taxes,
- payment of wage taxes,
- salary distribution,
- tax compliance and reporting,
- record keeping through dedicated platforms/software, etc.
What are the payroll taxes in Qatar in 2026?
- no personal income tax,
- employees 7% for social security contributions for wages of QAR 100,000, while employers pay 14%.
What kind of audits are available in Qatar?
- internal and external audits,
- forensic audits,
- compliance audits,
- financial audits and many more.
NOTE! Audits in Qatar are conducted according to International Standards on Auditing (ISA).
You can also watch the following video presentation:
Do you assist in the preparation of annual financial statements?
Yes, we can prepare and submit the following documents:
- balance sheet,
- cash flow statements,
- income statement,
- various notes.
What tax minimization options do you provide?
- cost deductions,
- retirement plans,
- support donations/charity to cut the amount of taxes, etc.
What is Governance, Risk, and Internal Control (GRIC)?
The purposes and objectives of a company in Qatar are extremely important and businesses have the possibility of predicting a potential problem. This is where governance, risk, and internal control can intervene, also known as GRIC. This is a procedure that evaluates the status of a company by exposing the potential risks from a financial point of view.
Can I receive financial advisory and services in Qatar?
Yes, our local team of accountants can provide such services too.
Does an accountant make company payments?
Yes, if you hire our services, one of our accountants will handle the receivable and payable accounts, in compliance with the company’s rules and directives.
Can I receive accounting services for more than just one company in Qatar?
Yes, you can solicit complete accounting services from our firm if you have more than just one company in Qatar. We provide tailored services to the business needs you have in Qatar.
Are accounting services expensive in Qatar?
The costs for accounting services in Qatar will depend on the size of the firm, activities, and other aspects.
What is the financial year in Qatar?
The calendar year: 1st of January – 31st of December.
NOTE! In Qatar is possible to apply for an alternative period to the General Tax Authority (GTA). As such, companies can use a different 12-month accounting period.
What are the benefits of outsourced accounting services in Qatar?
- affordable costs compared to an internal accounting department,
- access to accounting experts in the field,
- accounting experts deal directly with daily company tasks using dedicated software/platforms,
- efficiency & professionalism, etc.
Would you like to learn more about the accounting services we offer in Qatar? Feel free to explore our services by contacting our local specialists in Qatar.