Second: The tax declaration shall be submitted not later than 15th of the fourth months following the taxable period of the declaration.

Third: The tax declaration shall be accompanied by a report approved by an auditor registered with the Ministry of Commerce & Industry and certified by the Ministry of Finance.

Fourth: The tax declaration shall be accompanied by the following documents:

• All documents mentioned in Article No. 13 of the Executive Regulations;

• Analysis of all contract revenues indicating taxable and exempted revenues as per tax treaties. Further, the value of works completed under each contract during the taxable period of the tax declaration, the value of remaining works and the value of income tax retention for each contract shall be determined according to the attached form;

• Analysis of all expenses for completed contracts; the value of expenses, percentages of depreciations and provisions as per the Law and Executive Regulations and rules shall be included.

Fifth: All attached financial statements and analyses (breakdowns) required under item (Fourth) shall include the comparative figures for the previous financial year.

TAX DECLARATION FORM

Tax Declaration For The Fiscal Year Ended ……/…/

Name of the company:

Address:

For the taxable period from _____________ to __________

Incomings accrued from carrying on business during the above-mentioned taxable period. ×××××

Costs and expenses incurred as a result of carrying on business during the taxable period ××××

Depreciation computed in accordance with the Decree and amendments thereto ××××

Head office expenses in accordance with Kuwait Income Tax Decree of 1955 and amendments thereto. ××××

Net profit during the taxable period ××××

Tax @ 15% ××××

Fine @ …. As per Article 8 of the Decree and the amendments thereto ××××

Total settled tax and fine ××××

I (we), ______________ , the authorized director in Kuwait for ______________ , certify that this declaration, to the best of my knowledge and belief is a true, correct and complete declaration made in good faith for the taxable period from ______________ to ______________ pursuant to the Kuwait Income Tax Decree No. 3 of 1955 and amendments thereto.

Place:

Date:

Signature

Contract Revenues and Retention Analysis Form

Schedule (1)

Schedule (2)

Schedule (3)

*(1) In the event that the contract is not completed or cancelled, this should be expressly written indicating the value of amounts not completed or cancelled.