FI, Localization Topics for Qatar

Technical Data
Technical Name of Business Function	FIN_LOC_CI_29
Type of Business Function	Enterprise Business Function
Available From	EAPPLGLO 607
Technical Usage	Central Applications
Application Component	Financial Accounting (FI)
Required Business Function	Not relevant

You use this business function to meet country-specific requirements in the area of Financial Accounting (FI) for Qatar.

Prerequisites

You have installed the following components as of the version mentioned:

Type of Component	Component	Required for the Following Features Only
Software Component	EAPPLGLO 607

Features

With this business function, you can use the following features in the Financial Accounting (FI) component for Qatar:

Withholding Tax (Calculation and Reporting)

The following withholding tax functions are available for Qatar:

Calculation of Withholding Tax
Tax Card Validity Check
Retention Check
Monthly clearing of withholding tax (see Monthly Clearing)
Display of monthly data for withholding tax clearing documents and related tax payment codes (see Monthly Clearing Details)
Reversal of monthly clearing (see Monthly Clearing Reversal)
Generation of withholding tax return statement (see Withholding Tax Returns)
Generation of withholding tax certificates for vendors (see Withholding Tax Certificates)
Generation of withholding tax refund request (see Withholding Tax Refund)

Asset Depreciation (Calculation and Reporting)

You can calculate and report the depreciation values of fixed assets in your company. The system generates a statement with the depreciation details of all fixed assets in your company for a given year or a time range, based on the depreciation rates specified by the tax authorities. For more information, see Depreciation Reporting.

Postdated Checks

You can perform the following postdated check (PDC) functions:

Enter incoming postdated checks (see Enter Incoming Checks)
Record postdated check transactions (see Record Check Transactions)
Reverse postdated check transactions (see Postdated Checks Reversal)
Display list of postdated checks (see Postdated Checks List)
Print transaction records created by postdated check transactions (see Print Transaction Records)

Income Tax Declaration

This report enables you to generate an annual declaration of taxable income in accordance with local legal requirements.

For more information, see Income Tax Declaration.

Income Tax

You use this report to view the balance amount in all general ledger (G/L) accounts that contribute to calculating the taxable income of a company. It also displays other significant elements of company's balance sheet such as details of assets, liabilities, and shareholder's equities for the specified fiscal year.

For more information, see Income Tax Returns.

Provisions

You use this report to generate a statement that contains details of a company's provisions (such as provisions for doubtful debts for banks and insurance expenses).

For more information, see Provisions Statement.

More Information

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