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The taxation laws in the State of Kuwait are currently embodied in Decree No. 3 of 1955, the Kuwait Income Tax Law, as well as numerous Ministry of Finance orders, resolutions and circulars (the “Taxation Laws”). Generally, foreign companies conducting business in Kuwait are subject to income tax pursuant to the Taxation Laws. However, the important point to note with regard to Kuwaiti tax is that it is imposed only on corporate bodies carrying on trade or business in Kuwait as opposed to parties carrying on business
with Kuwait.
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The point has been the subject of countless meetings and discussions at the Ministry of Finance’s Department of Income Tax (“DIT”) where the DIT has become significantly more aggressive in the past several years in assessing taxes against foreign entities.
Al Wagayan, Al Awadhi & Al Saif have been very successful in structuring foreign investment and activities in Kuwait to minimize foreign parties’ exposure under the Taxation laws. In addition, when it becomes necessary to litigate a tax assessment issued by the DIT against a foreign company before the Tax Appeal Committee or the Kuwaiti courts, our law firm has a strong track record in defeating DIT tax claims or settling at significantly smaller dinar.
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Al Wagayan, Al Awadhi & Al Saif
Suad Commercial Complex, 9th Floor
P.O. Box 22833 – Safat 13089 Kuwait
TEL:+965 2472317 – FAX:+965 2472318
EMAIL: info@awaslegal.com
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