National Labor Support Tax – NLST

Kuwaiti KSE-listed public shareholding companies are required to pay National Labor Support Tax at 2.5% of net profit for the year, which is payable to the Ministry of Finance (“MoF”) pursuant to Law No. 19 of 2000 concerning national labor support and encouraging Kuwaiti nationals to work in nongovernmental entities.

Companies subject to the Law:

Kuwaiti KSE-listed public shareholding companies.

Added value to business entities from National Labor Support Tax services

• Ensure compliance with the applicable legislative and regulatory requirements in the State of Kuwait.
• Mitigate risks of exposure to financial penalties and sanctions, and thus, save relevant expenses and costs.
• Enhance the business entity’s reputation allowing it to continue doing business in Kuwait and secure new business.

Services provided by Baker Tilly Kuwait

Certification of National Labor Support Tax Declaration:
In accordance with Law No. 19 of 2000 concerning national labor support and encouraging Kuwaiti nationals to work in nongovernmental entities and the Executive Regulations thereof, companies regulated by the Law shall file the tax declaration as audited by an audit firm, which is registered with Tax Department, not later than the fifteenth day of the fourth month following the end of the taxable period.

In addition, Baker Tilly provides advisory services about tax objections and appeals against decisions made by MoF, if any.

References:

National Labor Support Law No. 19 of 2000 concerning national labor support.

Ministerial Resolution No. 24 of 2006 concerning rules for collection of National Labor Support Tax.

Administrative Decision No. 877 of 2013 concerning the issuance of the executive rules and instructions of Law Decree No. 19 of 2000 concerning national labor support and encourage Kuwaiti nationals to work in nongovernmental entities.

Why Baker Tilly?

1. Baker Tilly in Kuwait is a member of Baker Tilly International network based in the UK, ranked amongst the top 10 global accounting networks.
2. Auditors in Baker Tilly Kuwait are licensed by Ministry of Commerce and Industry and are registered with Kuwait Ministry of Finance (MOF) to provide tax services.
3. Extensive experience in providing National Labor Support Tax – NLST service to companies operating across various business sectors in the State of Kuwait.
4. Highly experienced bilingual team with specialized academic qualifications and professional certifications.
5. Commitment to performing National Labor Support Tax – NLST engagements according to predefined timelines, with no delays and responsiveness to client requirements.