Click here for the top 10 rankings in the regionOctober 8, 2015 6:09
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.
UAE: Biggest climber in visa index
UAE downloads most apps
Opinion: Do you have what it takes to be a successful entrepreneur?
How is the Dubai Metro connected to the UAE Space Agency?
3D printing: Dubai leads the way