TaxSavvyKW

NLST on losses

Our listed company made a loss. Any NLST?

The situation

NLST is 2.5% of net profit, so no NLST arises on a loss.

The law

  • Law No. 19 of 2000 on supporting national manpower (NLST): 2.5% of net profit for Kuwaiti companies listed on Boursa Kuwait; the same law supports Kuwaiti employment in the private sector

What it means for you

NLST is 2.5% of net profit, so a loss year gives no NLST due. Confirm whether a nil declaration is expected and file it if so. Keep audited accounts on file.

What to do

  1. Confirm filing.
  2. File nil.
  3. Keep accounts.
  4. Monitor.

We can do this for youNLST for Boursa listed companies and KFAS contribution: KWD 600

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