Fields marked with an asterisk (*) are required.
Tax retention is a prominent feature of the tax system in Kuwait and Qatar, where any other Withholding tax is not applicable. In Kuwait, all businesses, both public and private, must retain 5% of the transaction or contractual value payable to any incorporated body. This amount is released when the recipient produces a tax clearance certificate (TCC) from the Ministry of Finance. In Qatar, it holds for payments from government or other public bodies for specific projects made to a temporary branch of non-resident companies undertaking the projects. A prescribed percentage of the contract value or the final payment amount, whichever is higher, must be retained. This is released upon clearance from the General Tax Authority. In effect, resident companies and permanent branches are not subject to this system as they can secure release with their tax card.
Stay one step ahead in a rapidly changing world and build a sustainable future with us.
March 16, 2023
March 09, 2023
February 23, 2023
February 21, 2023