Qatar: Change in fiscal year


Issue 989 - 19 Mar 2015 | 1 minute read

Qatar has moved its fiscal year-end to 31 December from 31 March, and increased the Ministry of Finance’s powers. Law 2 of 2015, issued on 1 March by Emir Sheikh Tamim Bin Hamad Al-Thani, brings Qatar’s fiscal calendar into line with the other Gulf Co-operation Council states, with the exception of Kuwait, which still runs to end-March.Minister of finance Ali Sharif Al-Emadi said the change was aimed at making government operations more compatible with the private sector and international financial institutions.

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