Tax
From The Report: Kuwait 2017
View in Online Reader

This chapter contains an overview of the tax framework under which local and foreign investors operate, including a look at the value-added tax being rolled out in Kuwait and across the GCC, a rundown of the remittance, excise and corporate taxes in place and an outline of the tax incentives and credits under the new investment law.

Articles from this Chapter

Overview

What comes next: A series of new laws pave the way for investment
OBG
plus

The question on the mind of many observers is what is next for tax in Kuwait and how will international tax regulations and practices impact business in Kuwait? As an expected outcome of the current economic changes, the geopolitical situation, the Arab Spring and the dramatic drop of oil prices, the GCC region has introduced new reforms. The proposed value-added tax (VAT) may compensate or at least mitigate the deficits and losses in the GCC government’s budget resulting from the reduction…