Foreign corporate entities operating in Kuwait are subject to a 15% income tax rate and must submit their annual tax declarations within three and a half months following the close of their financial taxable year. Extensions can only be granted under selective administrative guidelines from the Ministry of Finance.
What are the current Zakat and NLST rates for local companies?
Kuwaiti public and closed shareholding companies are subject to a 1% Zakat contribution and a 2.5% National Labour Support Tax (NLST) on their net annual profits, subject to specific regulatory guidelines and administrative compliance.
Can you represent our company during a tax inspection?
Yes. We handle administrative support including No Objection Letters (NOL), tax card renewals, and provide fully expert representation during official tax inspections and appeals with the Ministry of Finance.