TaxSavvyKW

Property and stamp taxes in Kuwait

Are there property or stamp taxes in Kuwait?

The situation

There are no property taxes or stamp duties per PwC.

The law

  • GCC VAT Framework Agreement (signed 2017): Kuwait status: Kuwait has not implemented VAT; a draft law is under discussion; there is no excise tax

What it means for you

PwC states there are no property taxes or stamp duties in Kuwait. Property transfers still carry registration fees. Confirm fees with the relevant registry before a transaction.

What to do

  1. Budget registration fees.
  2. No stamp duty.
  3. Confirm locally.
  4. Record.

We can do this for youVAT and Business Profits Tax readiness review (proposals, not in force): KWD 500

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