Annual statutory audit coordination and filing with MOCI

We close the books, prepare IFRS statements, coordinate the MOCI registered auditor and file, so the tax declaration, Zakat or NLST and bank needs are met on time.

KWD 600Yearly

For: Kuwait WLLs, shareholding companies and branches.

What we need from you

Trial balance and ledgers
Statements
Bank confirmations
Audit evidence
Contracts and retention records
Tax and audit
Fixed asset and inventory lists
Tax return support
Partner or board details
Approvals

What we discuss

Is the auditor licensed and registered with MOCI?
Required
Do accounts also support the tax declaration?
Tax return attaches audited accounts
Records kept for the required period?
Secondary source states at least 10 years
WLL partner approvals needed?
Decree-Law 106 of 2024 changed EGM quorums

What we file

Prepare IFRS statements
Audit by MOCI registered auditor
File accounts

What you get

Audited accounts
Filing receipt

The law

Companies Law: annual statutory audit: Companies have their accounts audited each year by an independent auditor licensed and registered with MOCI Source
Companies Law No. 1 of 2016 (as amended, including Decree-Law 106 of 2024): Governs company forms, WLL partner meetings, accounts and liquidation; Decree-Law 106 of 2024 eased WLL extraordinary meeting quorums Source
Income Tax Law and Executive Bylaws: declaration and payment: Declaration due by the 15th day of the 4th month after year end; 60 day extension possible; tax paid with the return or in four instalments on the 15th of the 4th, 6th, 9th and 12th months Source

Questions people ask

Online payment in KWD is not open yet. Send us a message and an adviser for Kuwait confirms the scope and the fee before any work starts.