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Posted On: 3 December 2014 06:57 am
Updated On: 12 November 2020 02:14 pm

Fiscal year to start on Jan 1 from 2016

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Qatar is all set to change its fiscal or budget year to follow the Gregorian calendar (January to December) from 2016. The new financial year will begin on January 1 that year.

The current budget year will end on March 31, 2015 as planned.

For the period from April 1 until December 31, 2015, special budgetary allocations will be made.

A draft suggesting the above amendments has been forwarded to the State Cabinet after the Ministry of Finance approved it.