Tax Retention for Kuwaiti Companies – Download Now
While Kuwaiti companies are exempt from income tax, they must comply with mandatory 5% retention rules on payments to contractors. This newsletter outlines legal obligations, compliance procedures, and the consequences of non-adherence.
What’s Inside:
- 5% withholding requirement on all contracts
- How to obtain and apply a Tax Clearance Certificate (TCC)
- Risks and penalties for non-compliance
- Reporting obligations for contracts with foreign parties