Ministry of Finance - Tax Department - 2013 [Executive Rules & Instructions]
Executive Rule No. 21 Concerning compliance of funds managers, investment custodians and companies to retain and pay tax due on dividends
Article No. 46 of the Executive Regulations
First: funds managers, investment custodians and companies shall retain and pay 15% of profits to be distributed in favor of Ministry of Finance – Tax Department within 30 days as of distribution.
Second: The above mentioned bodies shall provide Tax Department with information related to payment of tax dues payable by Incorporated Bodies as per the form designated for such purpose including the following information:
Name of Incorporated Body in Arabic and English.
Address of Incorporated Body in Kuwait and abroad.
Nationality of Incorporated Body.
Date of dividend distribution decision
Total value of profits
Share of foreign Incorporated Body
Value of due tax
Third: Payment form will be attached with evidence of payment of tax due upon Incorporated Bodies.
Fourth: singing and approving the form by the seal and signature of the person who is authorized from Incorporated Body along with his capacity and evidence of signing.
Date: …/…../……
Form of payment of due payable on dividends
We enclose check No. ……. of [amount] …….. only withdrawn on ……. [Bank name]
…………… [branch]………………………………….
S. | Name of Incorporated Body (foreign) | Address within and outside State of Kuwait | Nationality | Dated of dividends distribution decision | Total value of profits | Share of foreign Incorporated Body | Due tax | Remarks |
Name of body carried out distribution: ……………………………..
Address of body responsible for the information: ………………………………
* Encl.:
- Copy of payment receipt
Seal of Incorporated Body:
Authorized signature: