Tuesday, December 15, 2020

WHAT DO YOU MEAN BY THE TERM TAX AND AUDIT?

Taxation and auditing services are two of the most important services that are conducted in a company or organization. In Qatar, every company or organization follows the procedure of taxation and auditing which helps the company to maintain it’s accounts. Taxation is the means through which government imposes certain tax rates on it’s citizens and business entities.

WHAT ARE THE INFLUENCE OF TAX AND AUDIT SERVICES IN QATAR?

Over the past years, Qatar has been rapidly developing its business infrastructure and has been an abode for various new businesses and services to flourish. In Qatar, there are no taxes levied on the income of the person. However, when it comes to company taxation, around 10% of total income is charged depending upon the revenue and type of business.

Auditing is done for a company in order to keep a record of all financial details and transactions that happens within a company or organization. This helps a great deal in maintaining the business structures and keeps on every financial dealing that takes place for various business activities. The auditors are tasked with the duty of monitoring the fairness of every financial transaction and keeps a record of the same. Therefore, auditors are in great demand due to the establishment of new companies and organizations in Qatar.

 

WHAT ARE THE DIFFERENT AUDITING SERVICES THAT ARE PERFORMED IN QATAR?

Some of the different types of auditing services that are conducted in accordance with the guidelines are as follows

·       Company Statutory Audit
·       Taxation Audit
·       Internal Company Audit
·       Cost efficiency Audit
·       Company Financial statement Audits
·       Internal Audit


These services ensure the smooth functioning of the company without any hassles or issues. Some of the features of auditing services are as follows

Ø It enables us to maintain efficiency in various business operations and practices.

Ø A proper audit ensures that the data and information of the company are secure and reliable.

Ø It plays an important role in correcting any faults or incorrect procedures in any transactions.

Call: +974 44271100

Mail: cf@qatarhelplinegroup.com

www.qatarhelplinegroup.com

 



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