TaxSavvyKW

Kuwait DMTT penalties overview

What are the penalties under Kuwait DMTT?

The situation

Late return 5% to 25% of tax; late payment 1% per 30 days; incorrect return 25% of the difference if over 10% (10% if self reported); KWD 3,000 fine for specified failures.

The law

  • DMTT Law: penalties: Late return 5% to 25% of tax; late payment 1% per 30 days; incorrect return 25% of the difference if over 10% (10% if self reported); KWD 3,000 fine for listed failures

What it means for you

Penalties are significant, so registration, filing and payment need tight control. Self reporting errors reduces the penalty. Tax evasion carries criminal exposure.

What to do

  1. Set a compliance calendar.
  2. Review returns before filing.
  3. Self report errors.
  4. Keep records.

We can do this for youKuwait DMTT scoping, registration and DMTT tax card: KWD 2,500

Related