May 20, 2021
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
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
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
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
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
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’s cabinet adopts recommendations to address economic repercussions of coronavirus pandemic (COVID-19) Read More
May 02, 2020
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
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’s stock market has been reclassified from frontier to emerging market by Morgan Stanley Capital International (M... Read More
November 07, 2019
The World Economic Forum has listed Kuwait as the most improved in the MENA region (46th globally, up 8... Read More
September 01, 2019
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