NLST for Boursa listed companies and KFAS contribution
We compute NLST at 2.5% of net profit with allowed exclusions, file the declaration, compute the 1% KFAS contribution, and check DMTT interaction.
KWD 600Yearly
For: Kuwaiti companies listed on Boursa Kuwait (NLST) and Kuwaiti shareholding companies (KFAS).
What we need from you
Audited consolidated and standalone accounts
Net profit
Profits from listed subsidiaries already subject to NLST
Exclusions
Group consolidated revenue
DMTT test
Statutory reserve transfer and loss carry forward
KFAS base
Prior NLST declarations
Consistency
What we discuss
Are you listed on Boursa Kuwait?
NLST applies to listed companies
Which exclusions apply?
The NLST law has listed exclusions
Is the group in DMTT?
NLST no longer applies to DMTT entities
Has KFAS been computed on the right base?
After statutory reserve and loss offsets
What we file
Compute NLST
Example: net profit KWD 5,000,000 x 2.5% = KWD 125,000
Compute KFAS
Example: profit after reserve and losses KWD 4,500,000 x 1% = KWD 45,000
File NLST declaration
What you get
NLST declaration
KFAS working
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 Source
- Kuwait Foundation for the Advancement of Sciences contribution: Kuwaiti shareholding companies contribute 1% of net profit after statutory reserve and loss offsets; not a tax Source
- DMTT Law: interaction with other levies: Entities subject to DMTT are no longer subject to the Income Tax Law, Zakat Law or NLST Law Source
Questions people ask
Contact us to book
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