Tax & Zakat Services

Tax & Zakat Services

Corporate Income Tax

About Income Tax

Under the Ministerial Resolution No. 2 of 2008 regarding the issuance of the Executive Bylaw for the provisions of the Amiri Decree of the Kuwaiti Income Tax No. 3 of 1955, and its amendments, as amended by the Law No. 2 of 2008, a corporate income tax is imposed on the income of any corporation, wherever incorporated, carrying on trade or conducting business in the State of Kuwait.

The corporate income tax is only imposed on foreign corporations. No corporate income tax is imposed on a company that incorporated in the GCC and entirely owned by the GCC companies.

The corporate income tax rate is (15%) of the incorporated body’s annual taxable profit payable to the Ministry of Finance (MOF).

Arabic Audited Tax Declaration must be submitted to the Tax Department on or before the fifteenth day of the fourth month following the end of the taxable period of the incorporated body.

  • Provide comprehensive income tax planning advice on current and potential projects/contracts.
  • Assist in registering the Company with the Tax Department.
  • Review the annual income tax declaration and related supporting documents to determine income tax liability.
  • Submit the annual income tax declaration and our report on it to the Tax Department.
  • Attend tax documentary inspection and answer the tax inspector inquiries.
  • Follow up and obtain the income tax assessment and advice about whether to object or appeal.
  • Prepare income tax objection/appeal and its supporting documents and attend the tax objection/appeal meetings.
  • Assist in obtaining No Objection Letter and/or Tax Clearance Certificate from the Tax Department.
NLST & Zakat

About NLST & Zakat

According to the law No. 19 of 2000, and its Executive Bylaw, all Kuwaiti & GCC listed companies at Boursa Kuwait are required to pay (NLST) at (2.5%) of the annual taxable profit to the Ministry of Finance (MOF).

According to the law No. 46 of 2006, and its Executive Bylaw, all Public and Closed Kuwaiti Shareholding companies, except the governmental and foreign companies, are required to pay Zakat at (1%) of the annual taxable profit to the Ministry of Finance (MOF).

An Audited Declaration (NLST & Zakat) must be submitted to the Tax Department on or before the fifteenth day of the fourth month following the end of the taxable/chargeable period.

  • Assist in registering the Company with the Tax Department.
  • Review the annual NLST/Zakat declaration and related supporting documents to determine NLST/Zakat liability.
  • Submit the annual NLST/Zakat declaration and our report on them to the Tax Department.
  • Attend NLST/Zakat documentary inspection and answer the NLST/Zakat inspector inquiries.
  • Follow up and obtain the NLST/Zakat assessment and advice about whether to object or appeal.
  • Prepare NLST/Zakat objection/appeal and its supporting documents and attend the tax objection/appeal meetings.