IFRS 17, International Financial Reporting Standards 17 is the most significant change in insurance reporting in decades, affecting all insurers that report under IFRS. According to IFRS 17, a company must measure insurance contracts using streamlined estimates and hypotheticals that reflect the timing of cash overflows and any query associated…
As chartered accountants in Qatar we always insist our clients to look into digital adoption and transformation and how it can benefit your company. Today we have listed down the areas of digital transformation, the techniques to consider according to your company goals and benefits. Digital transformation refers to…
Qatar has a territorial taxation system, which means that an individual is taxable in Qatar if they earn qualifying Qatar-source income, regardless of where they live. Salaries, wages, and allowances received by employees are not subject to income tax. Personal income is not taxed. This means that employees receive their…
Individuals and businesses that make any income during a fiscal year are required by law to file an income tax return each year. The revenue could come from a wage, business profits, and income from real estate, dividends, capital gains, interest, or other sources. Here we discuss about the Tax…
Why Is Trade Financing Important for SMEs in GCC Securing affordable and consistent financing is one of the most difficult challenges a small or medium-sized enterprise (SME) can face when exporting. Despite their significant contributions to global trade growth, SMEs continue to struggle with meeting day-to-day cash flow obligations. International…