Tax planning

Kuwait has a broad-based tax system that is designed to reflect economic objectives and has undergone significant changes in the recent past. This fact has a significant practical consequence for foreign companies and business in general because tax risks and issues can arise. Those risks and issues can vary between industries and within identical industries.

Grant Thornton's tax specialists are sensitive to the need to manage these risks within commercially acceptable parameters and by cost-effective means and we understand the associated operational difficulties. Grant Thornton can assist you in identifying tax issues, risks and opportunities in your organisation and advise and implement procedures and strategies to manage your risk and improve your bottom line.

Irrespective of the potential impact of our recommendations on your organisation, we will be focussed on the commercial practicality and cost-effectiveness of our proposals. Grant Thornton's Kuwait and international experience as an adviser to entrepreneur/proprietor businesses means that we have the practical business experience to deal with the complex demands of tax systems within a commercial framework.

We have can also assist in non-industry specific areas such as litigation support.
The complexity and frequent changes of the standards that make up our tax system cause companies to study the current regulations, evaluating the various alternatives to opt for the one that will minimize the tax burden, while staying strictly within the boundaries of the pertinent legislation.

To this end, Grant Thornton provides specialized advisory services as follows:

	answering consultations and issuance of opinions on the specific situations that clients bring to us for our consideration.
	information about new tax regulations and new case law, and analysis of their effect on the client's business.
	evaluation of the tax effects on the company's operations and on the structuring of new businesses or transactions.
	assistance with the evaluation of investment projects, share acquisitions, and tax-free company reorganizations.
	evaluation of possible courses of action vis-à-vis concrete claims by or conflicts with the tax authorities.
	training client personnel in tax matters related to the company's business.
	planning in both the local and the international sphere.