Unlocking Value: Business Valuations in Qatar 22 June 2024 Unlocking Value: Business Valuations in Qatar In the dynamic and rapidly evolving business environment of Qatar, understanding the true value of a business is more crucial than ever. Whether you’re an investor, a business owner, or a stakeholder, accurate business valuations play a pivotal role in making informed decisions. Let’s delve … Read More

The Crucial Role of Auditing Services in Qatar 28 May 2024   In the ever-evolving world of tax and compliance, where financial complexities and regulations abound, auditing services play a pivotal role. These services ensure transparency, accountability and reliability in financial reporting, safeguarding the interests of various stakeholders. Whether you’re a shareholder, regulator or business owner, audited financial statements serve … Read More

How Internal Audit Empowers Compliance 06 March 2024   Internal audit plays a significant role in empowering compliance within an organization. Compliance refers to laws, regulations, and internal policies governing business operations. Here’s how internal audit contributes to and empowers compliance: Risk Assessment: Internal auditors conduct risk assessments to identify potential areas of non-compliance. By understanding the risks, internal audits … Read More

HLB-AG Joins QFMA Auditors Panel: Another Successful Milestone 03 March 2024   We’re thrilled to share that Antonio Ghaleb and Partner CPA, a member of HLB International, has received official approval from the Qatar Financial Markets Authority (QFMA) to join the prestigious list of auditors’ panelists for auditing listed companies. This milestone underscores our firm’s steadfast dedication to excellence, regulatory … Read More

How to Start a Business in Qatar as a Foreigner 20 February 2024   Starting a business in Qatar as a foreigner can be an exciting venture. The country’s strategic location, business-friendly environment, and growing economy make it an attractive destination. Here’s a comprehensive guide on how to start a business in Qatar as a foreigner. Qatar has made significant … Read More

Understanding the ECL model 09 May 2023   ECL stands for Expected Credit Loss, a concept used in financial accounting to account for potential losses that may occur due to credit risks associated with financial assets. The International Financial Reporting Standards (IFRS) 9 require companies to use an ECL model to calculate the potential losses on financial assets, such as … Read More

Understanding the Objective of External Audit 09 May 2023   An external audit is a process that provides an independent opinion on a company’s financial statements, operations, and compliance with applicable laws and regulations. This opinion is expressed by a certified public accountant (CPA) who is not an employee of the company being audited. An external audit is an important … Read More

What is the Tax System in Qatar? 15 March 2023   Qatar has a relatively simple tax system compared to many other countries. There is no personal income tax in Qatar, but corporations do need to pay 10% percent of their profit share as tax. The simplicity of Qatar’s taxation system makes it relatively easy to file a tax return … Read More

Income Tax Amendments Highlights 07 February 2023   On the 2nd of February 2023, the Shura Council’s declared Issuance of the Law No.11 of the year 2022 amending certain provisions of the Income Tax Law of 2018. Law No. (11) of 2022 amending some Provisions of the Income Tax Law, Promulgated by Law No. (24) of 2018. The amendments came … Read More

Important Tax Alert for FIFA-related activities in Qatar 02 December 2022   In reference to the “Law No 10/2021 measures for hosting FIFA world cup, and Resolution No 9/2022 on tax and customs exemptions for hosting World Cup 2022”, resident and non-resident beneficiaries that have an agreement, directly or indirectly, with any business relation connected with FIFA and its affiliates … Read More