Tax 

KPMG tax services comprises of local and international tax advisory, M & A tax, corporate tax compliance for foreign and local entities and our support services such as payroll processing support and custom duty advisory etc.
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Our Tax Services

Corporate Tax Compliance: We assist our Clients in complying with tax obligations under the Kuwaiti tax laws and regulations ranging from registration with the tax authority, review of tax declarations to be submitted to the tax authority, facilitating the mandatory tax inspection process, obtaining the annual tax assessment and tax clearance certificate for release of tax retentions.

 

Where required, we assist clients in forming appropriate arguments in respect of contesting tax assessments through tax objections and appeals.

 

Tax Advisory Services: We advise Kuwaiti Clients on tax efficient structures for outbound investment involving the application of appropriate tax treaties/holding company structures in jurisdictions throughout the world.

We advise companies in respect to inbound investment in Kuwait and assist clients in structuring their operations in Kuwait in a tax efficient manner including detailed advices in respect of the application of various tax treaties with Kuwait.

 

 

Local Taxes: We assist Kuwaiti companies in complying with local taxes such as Zakat and National Labor Support Tax, where applicable, through review of declaration discussions with officials at the Kuwait tax authority to obtain the annual assessment.

 

This may include assistance in forming appropriate arguments in respect of contesting tax assessments through tax objections and appeals.

 

 

International Tax Services: 

With the assistance of the KPMG Global network, we can provide advice on the tax implications in jurisdictions other than Kuwait.

 

We assist global companies achieve tax efficiency in their operations. With an international perspective and local-country experience, KPMG provides practical advice on establishing new ventures and contracts, structuring overseas transactions, managing effective tax rates, and maintaining compliance with tax and regulations.

 

 

Tax Due Diligence: With extensive local tax knowledge, KPMG is the best place to identify and quantify potential un-provided tax exposures from a sell and buy side perspective.

 

 

Tax on Cash Dividends: We assist our Clients in complying with Kuwait tax laws and regulations in respect to tax on dividends from investments in securities listed on the Kuwait Stock Exchange.

 

This may involve assisting clients that are eligible for exemptions from tax in Kuwait to obtain tax clearance certificate from the tax authority or a refund based on the application of relevant tax treaties.

 

Other Tax Services:

 

• Tax Residency Certificates (TRC) for Foreign Residents in Kuwait

• Tax Clearance Certificates (TCC) for GCC and Kuwaiti Entities

• Payroll Services

• Custom Duty Advisory

KPMG briefing on the tax issues and developments in Kuwait

KPMG in Kuwait held a tax briefing to highlight changes in legislation and changes that have been implemented by the Kuwait Tax Authority (KTA) in their practices of applying various tax laws in Kuwait, particularly in the area of tax retention regulations, tax on cash dividends and determination of a Permanent Establishment under tax treaty provisions.  In addition, there was a discussion on the proposed changes to the Kuwait tax legislation which have been reported in the local media on all Kuwaiti businesses and Value Added Tax (VAT). Other areas impacting local companies such as Zakat and National Labour Support Tax were also discussed. 

 

View the presentation.

 

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Contact

Zubair Patel

 

Partner

Head of Tax

Tel: + 965 2228 7000
Dir: + 965 2228 7531

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