Filing your financial statements on the Qawaem platform

Companies in the Kingdom deposit their annual financial statements electronically through the Qawaem platform. The same statements are then used by other government entities, including ZATCA for zakat.

Who files?

Companies registered with the Ministry of Commerce — such as limited liability and joint-stock companies — according to the Ministry's current requirements.

What is needed

• The annual financial statements prepared under the accounting standards approved in the Kingdom.
• The auditor's report where an audit is required.
• The company's data, which must match the commercial registration.

Good practice

1. 1Agree the audit timetable at the start of the year, not after year-end.
2. 2Make sure the statements filed on Qawaem match those used for the zakat return.
3. 3Keep the company's CR data up to date before filing.
4. 4Check the Ministry's deadline for your year-end and file early.

Why it matters

Late or missing filings can lead to penalties and complications in other government services, and inconsistencies between Qawaem and the zakat return attract questions.