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Taxation in Kuwait

Kuwait

Taxation in Kuwait

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  2. Leather Jacket NZ

    I recently found Leather Jacket NZ and was really impressed by their range of stylish outerwear. They have a good selection of biker, bomber, and womens Biker Leather Jacket for both men and women. The designs are modern but also have a classic feel. They seem to focus a lot on using good quality materials and paying attention to detail in their craftsmanship. Has anyone here bought from them and

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Taxation in Kuwait

Individuals are not subject to taxes on income. However, corporate tax is levied on foreign companies engaged in commercial activity in Kuwait.
Corporate income tax is levied on the net income of foreign firms. Kuwait's government recently approved a bill to reduce the tax on foreign firms to a flat 15% from the current levels (of up to 55%) to attract more foreign investors.
There is no VAT.

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