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| Business Tax |
Some types of companies operating within the jurisdiction of State of Kuwait are subject to taxes levied on business activities. These taxes include the national labour support tax and Zakat.
Business subject to these taxes are the public and closed shareholding companies. These companies require advice on assessment issues related to the percentages of tax to be paid based on their business structures and financial reporting systems. For instance, these entities need to understand what tax compliance requirements are for each subsidiary and be able to see that these requirements are being met, in order to avoid penalties and fines.
In this regard, we help our clients with the tax declaration to be submitted within the assessment period to the relevant state authorities, i.e. Ministry of Finance Department of Income Tax (DIT), along with the required documentation. We act on our client's behalf in communicating with the competent authorities and representing our client before them to get the tax declaration over.
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| IAS / IFRS Updates |
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October 2008
amendment for IAS 39 and IFRS 7 |
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| Law Decree on Enhancing Kuwait Financial Stability |
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