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 theissuance 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

April 27, 2020

Responding to COVID -19

Considerations for Business and Compliances..   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