GTL Summary:

Cabinet Decision No. 39 of 2019, Article 34, details the required components of final accounts, including financial position, cash flow, and equity change statements. It mandates specific schedules for depreciation, provisions, and transactions with related parties. Crucially, the auditor's report must confirm the audit was conducted to recognized standards and that the taxpayer's computer systems are secure against data manipulation. Furthermore, the individual auditing the accounts cannot be the same person who prepared them, ensuring professional independence and the integrity of the financial data submitted to the Authority.

Document Type: ERS - Executive Regulations
Law: Income Tax Law 24 of 2018
Decision Number: executive-regulations-39-article-34
Year: 2019
Country: 🇶🇦 Qatar
Official Name: Article 34
Last updated at: 2026-02-23 12:13:40 UTC

SECTION 3 - TAX OBLIGATIONS

Chapter 2 - Tax Returns

Article 34

  1. The final accounts specified in the previous Article refer to financial statements prepared according to applicable accounting standards in the state and signed by the taxpayer or their tax agent, including the following:

    1. Financial position statement.

    2. Profit or loss and comprehensive income statement for the period.

    3. Statement of changes in equity for the period.

    4. Cash flow statement for the period.

    5. Notes related to the financial statements, including significant accounting policies and other explanatory information.

  2. The final accounts must be accompanied by:

    1. Auditor's report.

    2. Asset depreciation schedule.

    3. Provisions schedule formed and deducted during the year for banks and insurance companies.

    4. Schedule of tax amounts withheld at source during the tax year according to the Law and this Regulation.

    5. Schedule of subcontractors.

    6. Schedule showing how taxable income was determined based on the profit or loss stated in the income statement.

    7. Schedule of transactions with related parties.

    8. Schedule of fixed assets acquired, increased in value, or disposed of during the tax year.

  3. The auditor's report must adhere to professional standards, especially confirming the following:

    1. The auditor was able to conduct the necessary audit according to recognized standards to assess the taxpayer's accounts. If the audit could not be conducted, this must be mentioned in the report, along with any reason for the auditor's reservation about any part of the taxpayer's accounts.

    2. The taxpayer's accounts were prepared according to applicable accounting standards in the state, and the system used adheres to recognized accuracy and security standards if accounting records are kept using computer systems.

    3. The taxpayer complied with disclosure requirements specified by applicable standards, laws, and Regulations in the state.

  4. The person auditing the final accounts and preparing the auditor's report cannot be the same person who participated in preparing these accounts.

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