• Tax

    In collaboration with a leading local accountancy firm, OBG provides an overview of the tax system, including information on corporate, sales and income taxes. Other topics include repatriation of profits, capital movements, investment incentives, Customs duties and free zones.
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After years of abundant public spending, GCC economies experienced a direct hit on their fiscal balances caused by the 2014 fall in oil prices. As such, Kuwait is following the regional trend of pursuing economic and fiscal reform programmes. Multiple government-led initiatives seek to support economic diversification, strengthen the private...

Chapter | Tax & Accountancy from The Report: Kuwait 2019

After years of abundant public spending, GCC economies experienced a direct hit on their fiscal balances caused by the 2014 fall in oil prices. As...

With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.

 

Economic growth and tackling poverty are two of the most important challenges the government faces. In this regard, the National Development Plan 2019-24 contains three broad priority areas: strengthening the rule of law; ensuring the well-being of the population; and fostering economic development. The plan also addresses three issues that...

 

Mexico’s GDP growth has slowed in recent years, from 2.3% in 2017 to 2% in 2018, and it is estimated to reach 1.6% in 2019, lower than expected given the economic reforms implemented by former President Enrique Peña Nieto between 2012 and 2018. Although GDP is anticipated to expand by 1.9% in 2020, more needs to be done to create the...

Chapter | Tax from The Report: Mexico 2019

In conjunction with Deloitte, this chapter explores the taxation system and Mexico’s efforts to build an investor-friendly environment. It also contains...

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