Taxation

Corporate tax can be a very complicated area, and most companies need advice in order to minimize their tax bill.

Grant Thornton has a great deal of tax experience in all areas of corporate tax. We can help with areas such as self assessment or more complicated international tax issues.

At Grant Thornton, we provide constructive advice in relation to all areas covered by Kuwait income tax laws. We enjoy excellent relations with key staff of the local taxation authorities which are invaluable to the services we are able to provide.

Our tax practitioners place great emphasis on developing personal relationships with their clients, and they work closely with colleagues in the Grant Thornton member firms. With the highest technical proficiency, our services include the hand-holding that other firms forget.

Our Approach
Upon being asked to provide taxation services, we will firstly meet with key client personnel and assess precisely their needs and taxation status. We believe that working closely with a company's key management is a vital component in our provision of the best possible taxation services.

We will assess the company's potential, or certain liability to Kuwait income tax in accordance with all the local laws, their amendments and other regulations. We will discuss our assessment with client management and advise them as to the formulation of a tax strategy with the principal aims of minimizing liability and the earliest achievement of annual tax clearance.

Our taxation services will be complementary to our audit services where we are also the appointed auditors of a taxation client.

Upon finalisation of our strategy, we will develop a timetable considering the local filing deadlines and agree our approach with senior management.

Our taxation services include the preparation and filing with the local taxation authorities, of the annual tax declaration which is made in the Arabic language, and the follow-up thereof. We also provide guidance in order to ensure the company's compliance with all local tax laws and directives.