December 24, 2024
Newsletters
Newsletters
May 20, 2021
Do you have subcontractor or royalty or management service arrangements
In continuation to our series of alerts on key tax adjustments for foreign corporations filing income tax declaration in Kuwait, this alert covers a schematic diagram and analysis on key aspects for subcontractor or royalty or management service arrangements Read More
April 15, 2021
Are you complying with relevant circulars while submitting Income Tax Declaration
The Ministry of Finance (MOF) had issued Circular No. (1) of 2014 dated 5 January 2014 (“Circular”) addressing to all authorised consultants of MOF, summarising the regulations for submitting income tax declaration of foreign corporations Read More
October 01, 2020
Bahrain – Amendments to Commercial Companies Law
The Bahrain Commercial Companies Law (BCCL) have been amended as on 28 September 2020, with the issuance of Decree No 28 of 2020, to create a level-playing field and also to adopt Read More
June 17, 2020
MOF initiatives in response to COVID-19
In light of the COVID-19 crisis, the Ministry of Finance in Kuwait (MOF) has issued a decision to give relief and reduce hardships resulting from disruption (starting from 12 March 2020) to the Read More
June 15, 2020
VAT refund scheme for eligible persons in Bahrain
The Bahraini National Bureau for Revenue (NBR) has recently issued guidelines for eligible persons (EPs) to apply for refund on VAT in Bahrain. Read More
May 22, 2020
KDIPA initiatives in response to COVID-19
In light of the COVID-19 crisis, Kuwait Direct Investment Promotion Authority (KDIPA) has issued decisions to give relief and reduce hardships to the existing licensed and future investing entities, Read More
May 09, 2020
Kuwait Market Update 2020 – First Quarter
Kuwait’s cabinet adopts recommendations to address economic repercussions of coronavirus pandemic (COVID-19) Read More
May 02, 2020
استمرارية الأعمال – هل تعاني من عجز في التدفقات النقدية…؟
إذا كانت الإجابة بنعم، نقترح عليك إلقاء نظرة على حزمة التحفيز التي أعلنت عنها دولة الكويت، وبالذات البندين السادس والسابع من الحزمة والمخصصان للمشروعات الصغيرة والمتوسطة والكيانات الاقتصادية المتضررة من أزمة فايروس كورونا كما يلي Read More
May 02, 2020
Business continuity – Do you have deficit in cash flows…?
If yes, we suggest you look at the stimulus package announced by Kuwait Government, sixth and seventh item of the package has a scheme for SME’s and Non-SME’s (i.e., individuals and companies), snapshot summarized below Read More
January 20, 2020
Kuwait Market update 2019 – Fourth Quarter
Kuwait’s stock market has been reclassified from frontier to emerging market by Morgan Stanley Capital International (M… Read More
November 07, 2019
Kuwait Market update 2019 – Third Quarter
The World Economic Forum has listed Kuwait as the most improved in the MENA region (46th globally, up 8… Read More
September 01, 2019
Transfer pricing regime is gaining good momentum in Gulf Cooperation Council (GCC) region
The tax and regulatory landscape within the Gulf Cooperation Council (GCC) region is changing with fewcountries joining the Base Erosion and Profit Shifting (BEPS) Inclusive Framework (IF) and Read More
