Continue to Site

Eng-Tips is the largest engineering community on the Internet

Intelligent Work Forums for Engineering Professionals

Register Log in
  • Congratulations KootK on being selected by the Eng-Tips community for having the most helpful posts in the forums last week. Way to Go!

Tax retention for consulting services in Kuwait

Status
Not open for further replies.
glass99

glass99

Structural
Jun 23, 2010
944
I am writing a proposal for a project in Kuwait and I believe there is a 5% tax retainage that my client will have to subtract from our invoices. Apparently you can get your 5% back if you get a letter from the Kuwait government (aka the "DIT"), but I don't know how that works exactly. Does anyone have experience with this? I need to know whether to include the 5%.
 
Replies continue below

Recommended for you

Sort by date Sort by votes
Upvote 0 Downvote
@LittleInch: yes I think they make it hard to get your 5% back. Registering as an entity etc would probably mean 10's or hundreds of hours of admin slog.
 
Upvote 0 Downvote
More importantly its the cost of the local tax advisors.

Far better to be subcontract to a local company who's registered there already.

You'll always find some relative of the people you're working for who can arrange this, for a fee....

But how much work for how long? A one off or many years?


Remember - More details = better answers
Also: If you get a response it's polite to respond to it.
 
Upvote 0 Downvote
Status
Not open for further replies.

Similar threads

glass99
  • Locked
  • Question
S Corp Health insurance tax deductibility 1
2
Replies
23
Views
515
IceNine
IceNine
glass99
  • Locked
  • Question
Small firm tax tips 3
Replies
17
Views
327
GC_Hopi
GC_Hopi
RVAmeche
  • Locked
  • Question
3rd Party Engineering Services without a PE Stamp? 5
Replies
18
Views
502
dauwerda
dauwerda
rover315
  • Locked
  • Question
Out of State Consulting
Replies
10
Views
194
LOTE
LOTE
Sparweb
  • Locked
  • Question
Using a Bond or Contract to Ensure Employee Retention 8
2
Replies
27
Views
310
Sparweb
Sparweb

Part and Inventory Search

Sponsor

Back
Top Bottom