ALALI CHARTERED
ACCOUNTANTS
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Welcome to Alali Chartered Accountants, a firm providing Tax, Audit and Consulting Services in Qatar . A firm dedicated to providing a professional service, helping you to develop your business. We see our role as business advisers in a modern environment, whilst maintaining traditional accounting services. Our clients come from a wide cross-section of business sectors, but all have one thing in common, they all recognise the need for professional, independent advice, adding value to their businesses.
Why Choose Us We believe our strength is in our attitude and approach.
Your business and financial interests can only be properly served if we understand how they fit into your life. This kind of understanding is built up through an ongoing relationship where we help you to define your objectives and actively work with you to achieve them.
We pride ourselves on providing a totally professional service whilst being easy to talk to and explaining issues in straightforward terms.
To provide the highest level of service we have brought together a team of partners and senior staff with a strong mix of experience and youth.
The team holds a wide range of professional qualifications and specialisms enabling us to provide in-depth advice across a range of disciplines and industry sectors. Vigorous training programmes are maintained to ensure that skills are continuously developed and updated.
So, if you choose Alali Chartered Accountants you can expect to receive support and advice from a regional practice with national standards and international capabilities .
ABOUT
We are not just chartered accountants adding up your figures, we are also your business advisors & consultants, dedicated to becoming your first choice of all your business and personal needs.
Our clients think of us not just as accountants, but as trusted business advisors. That's because we are answering you even before you ask!
By the very nature of our work with you, we are in a position to offer you advice and give you support on a wide range of financial personal and business issues. And because we know your business and sector so well, it means our recommendations and suggestions are well-founded, relevant and useful.
By encouraging our clients to regularly discuss their business with us we are better placed to identify opportunities and risks.
But we dont always wait for you to talk to us we always have your wider business interests in our mind. When we come across something we think would be of benefit to you, we talk to you about it.
SERVICES
Auditing
External Audit
Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business - we strive to transform it into a profit centre.
Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions.
We see the preparation of your annual report as an opportunity to enhance your external image. A well-prepared report can have a considerable positive impact on the perceptions of investors, potential finance sources, customers, prospect, referral sources, and even your own staff - all of which greatly improves your business prospects for the future.
Internal Audit
Our internal audit team offers a commercial approach to help you refine the internal controls of your business. In the wake of recent large-scale corporate failures, the spotlight has intensified on corporate governance. Appropriate and efficient business controls have never been more important.
In addition, given appropriate resources, an internal audit function can ensure that an effective risk assurance framework is in place and that it works effectively, across the entire firm.
Finally, effective internal controls can highlight improvement areas for internal processes and procedures, often reducing costs and resulting in more robust management information.
Accounting
We make it all add up
Accountancy is about a lot more than basic numbers. At Alali Chartered Accountants , we provide you with a wealth of information, all of which is designed to give you the fullest possible picture of your business. Independent, objective, in-depth, our accountancy services give you the confidence to plan for the future.
Services:
Preparation of interim and management accounts
Timely and relevant management accounts to give you the management information you need to make key business decisions.
Preparation of annual accounts
Preparing annual accounts for sole traders, partnerships and companies quickly and efficiently, in terms of both cost and time.
Bookkeeping and accounting services
A flexible service designed to save administration time for businesses. Our services can be extremely useful for start up companies, as well as more established small businesses who want the comfort of knowing their finance function is being looked after by a team of professional accountants.
Forecasting and budgeting
We can help you look to the future and assess the impact of a wide range of business decisions. Our forecasts include profit and loss accounts, balance sheets and cash-flow. These can be updated as often as needed and can be incorporated as budgets within your financial reporting, allowing actual performance to be measured against budget
Tax Compliance
Our qualified and highly skilled team can act as your tax agent, providing a comprehensive service for tax compliance issues:
Preparation and submission of annual tax Declaration
Assistance with tax enquiries and investigations
Tax Computation
Certification for tax returns
Tax filing
Tax advisory
Tax Planning
For further information on our Tax Compliance services, Please contact:ahmed_alaliaca.com
Qatar has no system of personal income tax, no value-added or sales taxes and no capital or wealth tax.
The only taxes payable are:
- Corporation Tax, applied mainly to foreign companies.
- Import duties on essential items, imposed at 4% of the value of most products.
- Service tax of 10% and government levy of 5% on restaurant and hotel bills.
Corporation tax is payable on a progressive scale on any income in excess of QR 100,001, from 10% up to a maximum rate of 35% on income in excess of QR 5 million. There are a number of allowable deductions including interest payments, salaries, rentals, depreciation etc.
Self-employed foreign professionals working in Qatar are also taxed on their income.
Consulting
Our Consulting practice strives to not only meet but exceed your expectations. We have built our reputation around the trust that you put in us. Together, we work as a team to provide you the best of all possible worlds.
During your ups and downs, we are here to help you and guide you every step of the way. We help you not only by giving valuable
advice but also assist in making sure that your plan is carried out in the most efficient and cost effective manner, giving you a competitive edge in today's ever-changing global environment. From conducting market research and feasibility studies to recruiting the right people for you, our professionals are equipped with unsurpassed knowledge and experience.
Strategic Planning Services
Information Technology Services
Recruitment and Human Resources
Management Restructuring
Agent Search in the Middle East
Arbitration in Commercial Disputes
Assistance to Small Growing Businesses
Information Systems Audit
Investigations
Management Advisory Services
Risk Management Services
Market Research & Feasibility Studies
Process Mapping & Quality Management Systems
Business Forecasting
BPO Business and Operational Strategy Advisory
Business Valuations
Business Plan & Risk Assessment
JV's and Project Financing
Corporate Finance
Our Corporate Finance team is made up of corporate finance specialists and business management consultants specialising in business recovery, business expansion, merger and acquisition, finance for growth, management buy outs and buy ins, business sales and retirement exit strategies.
We work with companies at all stages of their development, from promising start-ups to established, successful organisations seeking to maximise their value through further investment or eventual sale.
Fundraising is one of our core skills. From early-stage funding or acquisition finance right through to flotation, we establish exactly what you need in terms of additional finance. Throughout this process, we can help in a range of ways such as business planning and negotiating terms on your behalf.
If youre seeking to acquire a business, we can help you identify viable acquisition targets and carry out due diligence. Well make the initial approaches and offer the flexibility for you to pick and choose what best matches your requirements.
Getting the timing right and maximising value is critical when selling a business. We can seek out potential purchasers, negotiate and structure the deal and work with you every step of the way.
Advising teams involved in management buy-outs or buy-ins is also an important part of our expertise. A successful transaction gives the potential to reap far greater financial reward through ownership than could ever be achieved as a salaried employee. Our flair for negotiation and familiarity with the financial markets will help you achieve the most lucrative deal.
Where theres an international element involved, our membership of Kreston International, the global association of independent accountants and business advisers, will enable successful cross-border transactions.
The Income Tax Rates
The income tax low of Qatar, Law No. 11/1993 became effective as of January 1, 1993. It imposes income tax on the taxpayer (natural persons and corporate bodies) arising from activities in Qatar, including profits from any contract executed in Qatar, profits realized from the sale of any asset of an establishment, agency commissions, regardless of whether the contract with respect to which a commission is due is executed inside or outside of Qatar, consultation fees, amounts from the sale, rent or concession of intellectual property rights, bad debts which are collected by the taxpayer and net profits upon dissolution of a company.
Taxable income is determined after allowable deductions are made for interest payments, rentals, salaries and bonuses, taxes and fees (other than income tax), depreciation, losses from the sale of assets and humanitarian or scientific donations.
Revenues relating to projects in Qatar, even if executed outside of Qatar, are declared for Qatari tax purposes. Evidence that the work was implemented outside of Qatar is necessary to avoid tax liability with respect to the profits of the project.
Salaries, wages, personal bank interest and other forms of personal income are not subject to tax.
Tax is calculated on a progressive scale rising to a maximum rate of 35 percent on taxable income above QR 5 million.
The tax rates are as follows:
Amount of Income Tax Rate
Less than QR 100,000 exempt
QR 100,001 to QR 500,000 10%
QR 500,001 to QR 1,000,000 15%
QR 1,000,001 to QR 1,500,000 20%
QR 1,500,001 to QR 2,500,000 25%
QR 2,500,001 to QR 5,000,000 30%
QR 5,000,001 and above 35%
Online Consultation Service
Our Customer Care Representatives welcome the opportunity to contact you by phone or email at your convenience regarding how any of our services can improve your particular situation.
We will be able to make specific recommendations for you when we respond, saving you time in your selection process. There is no cost to you for this assessment. We respect your privacy and will not share this information with anyone else.
You can expect that we will review your contact form , assess your situation and respond to you by telephone by the next business day. If we are not able to contact you by phone, we will send you an email.
Contact
Contact us
Tel: +974 4365656
Fax: +974 4361616
Email: alaliaca_qatar.net.qa
P.O.Box: 4615 Doha - Qatar
"We're not like ordinary accountants - we've a lot more to offer!"
"One of the Fastest Growing Accounting & Consulting Firms in Qatar"
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