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
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
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
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
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?
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
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
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
How Feasibility Study Can Benefit Your Projects
How Feasibility Study Can Benefit Your Projects 05 September 2022 A payroll management system is an organizational structure that controls the salaries of employees. However, today, payroll management systems encompass a much larger profile. It not only includes managing wages of employees but also manages the leave and holidays of employees based on the Qatari Labour law, book and file … Read More
How To Choose The Right Payroll Outsourcing Company For Your Business?
How To Choose The Right Payroll Outsourcing Company For Your Business? 05 September 2022 A payroll management system is an organizational structure that controls the salaries of employees. However, today, payroll management systems encompass a much larger profile. It not only includes managing wages of employees but also manages the leave and holidays of employees based on the Qatari Labour … Read More