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    Kuwait Tax Cycle

    Uploaded by

    Manal Abdul Haque Khan

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Kuwait Tax Cycle

    Uploaded by

    Manal Abdul Haque Khan
    5 views1 page

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    Download as pptx, pdf, or txt
    5 views1 page

    Kuwait Tax Cycle

    Uploaded by

    Manal Abdul Haque Khan

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Kuwait Tax Cycle

    Disagreement
    Tax Registration Obtain Tax Submission of Tax Tax Inspection Issuance of TAL Objection
    (Every foreign company Card Declaration (Tax Assessment (Required to apply for
    is required to register (15% Corporate Income tax Letter) by the KTA objection within 60
    and apply for a tax card applied on net profit) days of receiving the
    with 30 days of the TAL)
    starting date of their Agreement
    operations)
    Agreement Disagreement or
    90 days lapsed
    Obtain No Objection Letter without a
    Delay Penalties (NOL) and Tax Clearance response
    All taxable entities are Certificate (TCC)
    required to submit their
    Agreement Appeal
    income tax declarations
    (Required to apply for
    within 3 ½ months after
    appeal within 30 days
    their fiscal year ends.
    of receiving the
    In case of delays in
    revised TAL or elapse
    submission, 1% of the
    of 90 days.
    taxable amount is
    charged as a delay
    penalty every 30 days. In case of disagreement, the
    foreign body can pursue
    civil courts within 60 days
    of the date of rejection

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