Corporate tax Reporting from Your ERP in Qatar

Companies owned by Qatari and GCC nationals are subject to Corporate tax; those with foreign ownership are subject to income tax on that share, and mixed companies to both in proportion. Corporate tax is calculated on a base derived from the balance sheet, broadly capital and reserves and certain liabilities less deductible assets, with adjustments the regulations define. The declaration is filed with the authority together with financial statements. None of that is done in the ERP, but all of it depends on what the ERP can show.

We design the chart of accounts and the closing process so the items the Corporate tax base uses are visible: capital, retained earnings, provisions, long-term liabilities, fixed assets and investments, in the classifications your advisers need. Multi-entity groups get the structure per entity. The ERP holds the schedules and the audit trail so an assessment query is answered from the system. The calculation itself and the declaration are performed with your tax advisers; we make sure the numbers behind it are trustworthy. VAT is handled separately; see VAT software and e-invoicing.