In Kuwait's healthcare landscape, the synergy between advanced diagnostic centers and specialized medical professionals plays a pivotal role in ensuring optimal patient care. Let's delve into the significance of Images Diagnostic Center and the expertise of diabetes doctors in Kuwait, highlighting their contributions to the well-being of the community. Images Diagnostic Center: Precision in...

In Kuwait's ever-evolving business sphere, the demand for expert financial guidance and valuation services has become increasingly crucial. As businesses strive for growth and compliance in this dynamic economy, professional accounting and valuation services play an integral role. Let's explore the significance of these services and their impact on Kuwaiti businesses. Accounting Services:...

In the digital age, local businesses thrive on visibility, especially in bustling cities like Kuwait. Leveraging platforms like Uberall and Google Maps has become integral to ensuring that businesses reach their target audience effectively. Let's delve into how these tools are transforming the local business landscape in Kuwait. Uberall: Empowering Local Businesses Uberall is a powerful tool...

In the realm of café culture, where excellence in brewing meets the art of crafting the perfect cup, the choice of coffee equipment becomes paramount. Synesso Coffee Machines stand tall as a beacon of precision, reliability, and innovation, revolutionizing the way cafes across the globe deliver exceptional coffee experiences. Craftsmanship Meets Technology Synesso's journey began with a...

Dasman Diabetes Institute and Research Center is one of the best diabetes treatment centres in Kuwait. We provide the latest diabetes research and treatment in all over Kuwait. Our qualified doctors are working on the best diabetes treatment for patients.

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Overview of Kuwait tax retention requirementsThe Kuwait Tax Retention Rules (@KTRR@) is a set of tax obligations introduced to aid in the collection of taxes in Kuwait and is applicable on foreign as well as local companies.In principle, Article no. 37 of the Executive Bylaw casts an obligation on all public and private entities (hereinafter referred to as @Payer@), doing trade or business in Kuwait, to retain 5% of total contract value or from each payment made to any person with whom they enter into contracts, agreements or transactions. The scope of Kuwait Tax Retention Rules is wide and covers under its ambit any payment made by a Payer. Foreign as well as Kuwaiti and other GCC companies are required to adhere to the Kuwait Tax Retention Rules.All or some retained amounts may not be released unless the Kuwait Ministry of Finance agrees to issue the retention release letter of these amounts in the following cases:If the entity is not subject to tax, is exempted from it or realized loss during the yearIf the entity settles all its due taxIf the entity submits a certified bank guarantee or any other guarantee accepted by the Tax Administration to honour the due taxHow BDO can help?Review of contracts and advise on tax retentions requirementsAssisting in restructuring contracts from a Kuwait tax perspectiveAssisting in obtaining tax retention release letter / tax clearance certificate from the Kuwait Ministry of FinanceAssisting in preparing and filing Tax Retentions Returns/NotificationsDrafting tax retentions policy and procedures

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