KPMG in Kuwait

According to recent media reports, a potential two-phased approach to the introduction of Business Profit Tax (“BPT”) is anticipated in Kuwait. The expectation is that the first phase will target multinational companies (“MNEs”) with revenues over EUR 750 million (approximately KD 250 million), and the second phase will apply to all Kuwaiti companies (with some exemptions). In our December 2024 tax update, we discussed some of the key aspects surrounding the draft BPT law, such as scope and effective dates, tax rates and exemptions, domestic minimum top-up tax (DMTT), withholding taxes (WHT), registration requirements, and next steps. Read the full article: https://lnkd.in/gzHiiNMj Zubair Patel Fahim Bashir Muhammad Hanan Tariq Naveen Bohra, CA, LLB Changfeng W. Omar Ahmad #KPMG #Kuwait #Tax #BPT #TaxUpdate

Our latest thought leadership report, Beyond the Arabian Sea: Bridging the gap between Kuwait and China, identified healthy indicators which demonstrate that the Kuwait-China relationship continues to foster tangible opportunities across key sectors such as oil & gas, infrastructure, and energy. Here are some of the key findings from the report. To read the full report, visit: https://lnkd.in/gQSn4QsJ Ankul Aggarwal Alanoud AlSabah Muhammad Hanan Tariq Changfeng W. Imran Shaik Najeebuddin Shashi Shankar Ghosh Shubhra Mudgal Amlan Suryabanshi #KPMG #Kuwait #BilateralRelations #Opportunity #China #MiddleEast

Describing the development of Chinese companies in Kuwait, Hu Hanming, Counselor of Economic and Commercial Affairs of the Chinese Embassy in Kuwait, said, “With joint efforts to implement the important consensus reached by the leaders of both countries, more and more Chinese enterprises are setting their sights on Kuwait. I obviously feel the increase of Chinese enterprises enquiring about the Kuwaiti market and visiting Kuwait. I believe that these Chinese enterprises will bring more abundant products and more diverse services to the Kuwaiti market.”   This excerpt was taken from his discussion with KPMG Kuwait’s China Business Desk, as part of our latest thought leadership report, Beyond the Arabian Sea: Bridging the gap between Kuwait and China. The report was a collaborative initiative between KPMG Kuwait and Research Journey, a homegrown research organization in Kuwait, and aimed to highlight Kuwait and China’s partnership through the years and potential growth opportunities with regards to business, economics, and cultural exchange. Read the full interview: https://lnkd.in/gSzBeWki Download the report: https://lnkd.in/gQSn4QsJ Ankul Aggarwal Alanoud AlSabah Muhammad Hanan Tariq Changfeng W. Imran Shaik Najeebuddin Shashi Shankar Ghosh Shubhra Mudgal Amlan Suryabanshi #KPMG #Kuwait #BilateralRelations #Opportunity #China #MiddleEast

We're #hiring a new Tax Advisor in Kuwait City, Al Asimah. Apply today or share this post with your network.

Career opportunities at KPMG in Kuwait | #NowHiring We are hiring for multiple positions across all departments, functions and levels at KPMG Kuwait. To apply for a role, click on the link below: https://lnkd.in/gFt4wUur #KPMG #Kuwait #JobAlert #Hiring #JobOpportunity

The growth journey within KPMG is fueled by #lifelonglearning. We are thrilled to celebrate and support our new managers in the professional development to prepare them for their roles, while also focusing on their personal development to help them evolve into better leaders. This is indeed a powerful transition for most new managers to reflect, rethink and re-strategize their development through a learning and mentoring journey, and to be able to engage their teams towards a collective strategy. As always, it was an absolute joy for us to host our new managers from Bahrain and Kuwait to create an opportunity to share experiences and knowledge. #ManageforOperationalExcellence #NewManger #LeadbyExample #Lifelonglearning #Mentoring #Coaching #Leadership #Growth #Teamwork #SustainedPerformance #Selfdevelopment #ProfessionalDevelopment #PersonalDevelopment #Leaders #KPMG #KPMGbh #Bahrain #Kuwait KPMG Bahrain KPMG in Kuwait

Recent media reports have indicated that the Saudi Arabian Council of Ministers has authorized the signing of an income tax treaty with Kuwait. This has now been confirmed, with both countries signing the tax treaty at the Zakat, Tax, and Customs Authority (ZATCA) Conference on 4 December 2024. In our latest Tax News Flash — December 2024, we've covered this subject and elaborated on who this change might impact most. Further details on the tax treaty will be made available once the agreements have been reviewed and ratified by the respective authorities in Kuwait and Saudi Arabia. The effective date/period of the tax treaty will be disclosed following relevant approvals from the respective authorities. To read the full article, visit: https://lnkd.in/g5dNQj9h Zubair Patel Fahim Bashir Muhammad Hanan Tariq Naveen Bohra, CA, LLB Changfeng W. Omar Ahmad #KPMG #Kuwait #SaudiArabia #Tax #CIT #TaxUpdate

Talking to us as part of our latest report, Xia Jianfeng, Director – China Cultural Center in Kuwait, emphasized that they are constantly striving to promote the relationship between both nations and looking to create more meaningful connections.   This excerpt was taken from our thought leadership publication, Beyond the Arabian Sea: Bridging the gap between Kuwait and China, a joint initiative by KPMG Kuwait and Research Journey. The main objective of the report is to highlight the partnership that Kuwait and China have shared for many years and identify any potential opportunities for growth with regards to business, economics, and cultural exchange.   Read the full interview: https://lnkd.in/gqZqzaFZ Download the report: https://lnkd.in/gQSn4QsJ Ankul Aggarwal Alanoud AlSabah Muhammad Hanan Tariq Changfeng W. Imran Shaik Najeebuddin Shashi Shankar Ghosh Shubhra Mudgal Amlan Suryabanshi   #KPMG #Kuwait #BilateralRelations #Opportunity #China #MiddleEast

KPMG rated a top consulting firm in the Middle East by Consultancy Middle East (2024) across multiple areas of expertise and industries. Consultancy Middle East assessed the leading consulting firms across the region to identify the top players. As per Consultancy Middle East, the capabilities of the consulting firms were based on the views of clients and consultants (900+ client reviews and 2,800+ firm reviews from consultants), and an extensive capabilities assessment on areas such as AI & Gen AI expertise, company reputation, industry recognitions, benchmarks, thought leadership, and more. Of the 500+ consulting firms assessed, 30 qualified as top players and were further rated into Diamond, Platinum, Gold, Silver and Bronze. To view the full rankings, visit: https://lnkd.in/gCeMgQ47 Dr. Rasheed Al-Qenae Safi Al Mutawa Zubair Patel Bhavesh Gandhi Ankul Aggarwal Judeh, Aref Majid Makki, MBA/PMP Fahim Bashir Saif Shawer, CPA, AICPA Muhammad Hanan Tariq Salman BinKhalid Changfeng W. Khaled Elkazaz Essam Ahmed Naveen Bohra, CA, LLB, Ali Abbas James Woodcock #KPMG #Kuwait #MiddleEast #Consulting #RewardsAndRecognition

In our conversation with Zhang Yongda, President — Kuwait Chinese Associations, what stood out most was that cultural enrichment plays the role of a catalyst when it comes to bridging the gap and (or) strengthening the existing bond between two nations.   This conversation was part of our latest thought leadership publication, Beyond the Arabian Sea: Bridging the gap between Kuwait and China, a joint initiative by KPMG Kuwait and Research Journey. The report aims to shed more light on Kuwait and China’s long-standing partnership while exploring potential opportunities for growth in terms of business, economics, and cultural exchange.   Read the full interview: https://lnkd.in/g2jwfkFX Download the report: https://lnkd.in/gQSn4QsJ Ankul Aggarwal Alanoud AlSabah Muhammad Hanan Tariq Changfeng W. Imran Shaik Najeebuddin Shashi Shankar Ghosh Shubhra Mudgal Amlan Suryabanshi   #KPMG #Kuwait #BilateralRelations #Opportunity #China #MiddleEast