Microsoft’s latest upgrade is finallyJuly 30, 2015 3:16
The business of… Tax in the GCC
From corporate income tax in Saudi Arabia to social security tax in Kuwait, Kipp takes a look at how the citizens of the Gulf are taxed.
September 9, 2010 2:17 by kippreport
CORPORATE INCOME TAX
- Kuwaiti companies listed on the Kuwait Stock Exchange pay an employment tax of 2.5 percent of the company’s net annual profits. Zakat is imposed on all publicly traded and Kuwaiti shareholding companies.
SOCIAL SECURITY TAXES
- There are no social security obligations for expatriate employees, but Kuwaiti employees pay monthly contributions. Employers’ contribution is 11 percent and employees pay 7 percent.
Video: 7 things you need to know about Windows 10
Video: ‘The UAE consumes 3.4 billion cups of coffee per day’
Dubai Trade records positive H1 2015 growth
Now, bank through your Emirates ID
How will the increased fuel prices affect us?