BDO Kuwait Tax Retention Document.
27 April 2021
BDO Kuwait Tax Retention Document
Kuwait tax retention rules require entities to retain 5% from each payment with whomever they enter into transactions or contracts with. The tax retentions often creates cashflow issues for foreign vendors in particulars. Please read our publication on Kuwait tax retentions which explains the tax retentions rules in Kuwait, options available to obtain a retention release letter, and penal implications for non-compliance.
Click Here For More Details: BDO-Kuwait-tax-retention.pdf