TAX SERVICES IN KUWAIT

What we have to offer in Tax

Tax advisory helps structure your business for reliability and peace of mind. Our goal is to minimize the impact of taxation on your wealth and transactions.

Tax Clearance

All companies that are subject to tax laws applied in the State of Kuwait and were not registered with the Tax Administration must apply for registration before requesting the Tax Clearance Certificate release of the impounded Income Certificate.

Zakat

Corporate Tax

As per Kuwait Foundation for the Advancement of Sciences (KFAS), all Kuwaiti shareholding companies are required to Pay 1% of their net profits as per their financial statements, after transfer to the statutory reserve & the offset of losses carried forward, to the KFAS, which supports scientific progress.

Companies are residents in Kuwait if it earns income from Kuwait, directly or indirectly & would be subject to tax. In addition, any foreign corporate body thats is a shareholder in a Kuwaiti Limited Liability Company would be subject to tax to the extent of the foreign ownership, GCC entities wholly owned by GCC residents are treated in the same manner as Kuwaiti business entities. All incomes earned from activities in Kuwait (foreign companies) should be subject to tax in Kuwait. The tax current rate in Kuwait is a flat rate of 15%. The tax department obliges Kuwaiti companies to make a mandatory deduction of 5% as tax retention requirement on transactions with foreign companies for the work carried out inside Kuwait. Foreign companies carrying on trade or business in the offshore area of the partitioned neutral zone under the control and administration of Saudi Arabia are only subject to tax in Kuwait on 50% of their taxable profit under the law.

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Establishing your Business Footprint in Kuwait

FAQs: Tax

What are the requirements for Tax Clearance Certificate in Kuwait?

Here's what you need: Copies of the Civil ID, company license, commercial registration, authorized signatory, company foundation contract (& most recent amendments), contract concluded (for individuals), passport & original letter of request for license issuance (for individuals).

What are the procedures to obtain Tax Clearance Certificate in Kuwait?

1. Gather documents & fill services application forms.

2. Submit documents & forms to Ministry of Finance (General Registration Department).

3. Receive Clearance Certificate from the certificate issuance department.

Where can I learn more about you?

You can explore other sections of this website, such as the "About Us" page or our blog, to learn more about our company, mission, and team. Moreover, if you would like to learn more about the Tax service we provide, feel free to read our article.