Services
Tax Consulting Services
Foreign corporate bodies are taxed in Kuwait. PKF's tax consulting team manages your tax affairs at the highest quality standards. Our tax clients are offered strategic tax planning as well as the various aspects of compliance work tailored to your specific needs.
Our Tax Services include:
- Registration with the Department of Income Tax (DIT ) and selection and approval of the accounting year best suited to your business.
- Provide tax- planning advice on existing and future contracts, and assist in formation of all types of legal entities.
- Assisting you in determining the taxable income by deducting from gross receipts all allowable costs, expenses and losses incurred in the your line of business.
- Advising you on tax filing requirements and submitting the tax declaration form which help you to settle taxes in Kuwait in the most effective manner.
- Reviewing all the accounting records to facilitate the tax inspection process. Normally the DIT inspect every tax declaration with the respective original supporting and books of accounts before raising the final assessment.
- We will assist you in the tax inspections and answer queries raised by the inspectors in order to expedite the tax assessment process.
- Obtain the tax assessment orders from the DIT and finalize the tax objections in case of any objection on the tax assessment, we will help you in filing the objection letters.
- Attend meeting with the Objection & Appeal committee and Settlement Divisions for settlements and help clinents to reach settlement agreements with Tax Department.
- Obtain ' No Objection Letter' and Tax Clearance Certificate ' from the DIT to facilitate release of Tax Retention by Companies.
- Advising you about tax benefits under the Tax Treaties signed by the State of Kuwait with other Foreign Governments.
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