Qatar has no personal income tax, but foreign-owned entities pay 10% corporate tax. QNB business accounts are the primary revenue evidence for the General Tax Authority.
Convert your QNB statementQatar does not tax individual income. The tax conversation in Qatar is almost entirely about corporate tax: 10% on the profits of entities with foreign ownership, with Qatari and GCC-owned shares carved out. The General Tax Authority (GTA) wants a clear paper trail from revenue to net profit, and the company's QNB statement is the foundation.
QNB statements are the GTA's preferred input because the bank holds the majority of Qatari corporate banking relationships. Statements are bilingual, QAR-denominated, and high-quality text-layer PDFs. The hard part is not extraction — it is matching every revenue credit to an invoice and every expense debit to a supporting document. A clean CSV makes that match possible in Excel or a real bookkeeping tool.
QNB business statements show the standard column set — Date, Value Date, Description (Arabic + English), Debit, Credit, QAR Balance — with reference numbers for every transaction. Revenue credits arrive as NAPS transfers from local Qatari clients, SWIFT inbound wires from regional or international clients, and direct deposits from government-sector counterparties. Expense debits show as outbound NAPS, SWIFT outward, card payments, and bank fees.
Multi-subsidiary corporate clients sometimes have QNB Egypt or QNB France accounts visible in the same customer profile. The Qatar entity's GTA filing only covers the Qatar-issued statement; subsidiary statements belong to their own jurisdictions. Kashfbank treats each country's statement as its own document, so you do not accidentally pool QNB Egypt revenue into a Qatar tax return.
The GTA wants total taxable revenue, total deductible expenses, and the net profit calculation that produces the 10% tax due. The bank statement is the audit trail behind those numbers.
High-quality text-layer PDF with QNB Group branding. Bilingual Arabic-English. QAR balance column updates with each transaction. Account header: IBAN, account type, statement period, customer segment. Q-Pay and NAPS references appear for domestic transfers. SWIFT references for international.
| Label | Meaning |
|---|---|
| راتب | Salary credit (WPS) |
| تحويل NAPS | Q-Pay / NAPS domestic transfer |
| تحويل خارجي | Outward international transfer |
| سحب ATM | ATM withdrawal |
| دفع بطاقة | Debit/credit card payment |
Rules in Qatar differ — see our country guide
Pull the QNB business statement for the tax period
Through QNB Internet Banking for Business or QNB Mobile, request the statement covering your tax accounting period. Most Qatari companies follow a calendar year for GTA purposes; some align with parent-company fiscal years.
Upload and convert
Drop the PDF into Kashfbank. The bilingual columns are read natively. Multi-page statements covering a full year extract in under a minute. Each row preserves the QAR amount, the bilingual description, and the running balance.
Categorise and reconcile
Open the CSV. Apply your chart of accounts to the Category column — Revenue, Cost of Sales, Operating Expense, Payroll, Bank Charges, FX, Inter-company. Reconcile each row against the underlying invoice or supporting document. Flagging happens here, not at extraction time.
Generate the GTA inputs
Sum revenue, sum deductible expenses, calculate net profit. The 10% rate applies to the foreign-ownership share of that profit. Keep both the original QNB PDF and the Excel export with the filed return — Qatari record-retention is five years from the end of the tax year.
Common challenges
Does Qatar's corporate tax apply to fully Qatari-owned companies?
Generally no. The 10% rate applies to the profit share attributable to foreign ownership. Fully Qatari-owned and fully GCC-owned entities are typically exempt from corporate tax, though they still file Zakat or other regulatory returns. Confirm the specific exemption with your tax advisor — the GTA rules have nuances around oil, gas, and petrochemicals.
Qatar has been discussing VAT for years. Does my QNB statement help if VAT is introduced?
Yes. When and if Qatar implements VAT (the GCC framework has been in place since 2018, but Qatar has not activated it), the bank statement becomes the primary source for input and output VAT reconciliation. Kashfbank's category system already supports VAT tagging once the rate is set.
Can the GTA accept the Excel export directly?
The GTA's portal accepts the tax return itself and supporting schedules; the bank statement is part of the audit evidence held by the taxpayer. Kashfbank's export is for your accountant's working papers and any inspection requests, not for direct portal upload.
My QNB statement is in Arabic only. Can Kashfbank still extract correctly?
Yes. QNB defaults to bilingual layout, but Arabic-only statements are also supported. The export adds an English category column derived from the Arabic narration, so your tax preparer can read the file even without Arabic.
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Regulator: Qatar Central Bank (QCB)
Fiscal year: Jan 1 – Dec 31
Full country guide →Statement language: Arabic / English