Status of Tax Regime in GCC

Apr 01, 2015

The GCC region is known for its low tax regime. The issue of taxation in the GCC has been discussed since the 1980s and has seen many changes in the years. The tax rates and tax structures vary among the GCC countries. Kuwait introduced a corporate tax in 1955. Saudi Arabia had an income tax on foreigners until 1975, after which it was suspended owing to increasing revenue from oil exports and the need to attract expatriates to work in the Kingdom.

New Institutions and Legislations in Kuwait

Feb 18, 2015

Over the past three years, Kuwait has witnessed a raft of new regulations and legislations aimed at making doing business in the country easier and transparent.

Calibrating Regulations

Feb 15, 2015

Regulations and regulatory reforms are in vogue these days. The GCC has been witnessing a swathe of regulatory reforms in various sectors. How important is it to calibrate and balance reforms and regulations? This question has become hugely important in this setting.