| Kippreport.com

The business of… Tax in the GCC

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.

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