Financial statements from Qatar

Schmidt & Schmidt offers financial statements from Qatar in electronic form and their translations into English.

According to law, only some companies registered in Qatar must submit annual financial statements.

Reporting of financial statements in the Qatar is subject to the Commercial Companies Act from 2002 and other regulations.

In Qatar, the IFRS are used. Their use is mandatory for public companies and allowed for small and medium-sized companies.

If a company’s profit exceeds 100.000 QAR or if its head office is situated outside of Qatar, it is obliged to file a financial statement to the Tax Department together with a tax declaration.

In addition, companies selling their shares publish annual financial statements through the stock exchange.

Annual financial statement includes

• Balance sheet
• Profit and loss report
• Cash flow statement
• Notes

In Qatar, the registries of financial statements are not public. Only information on companies participating in stock exchange is freely available.

To obtain financial statements of a specific company, its full name in English or Arabic language and registration number are required.

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

Financial statements are provided in accordance with the legislation of Qatar and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.