Laith Ghosheh

Tax Compliance (Kuwait Tax Cycle)

• Register the Company with the Kuwait Tax Authority (KTA) and submit request for first accounting period;
• Assisting the Company in obtaining the tax card on an annual basis;
• Advise and liaise with the Company’s accounting department as to the preparation and filing of the tax declarations (on Deemed profit basis and Actual Basis);
• Translate the tax declarations and supporting schedules into Arabic;
• Review the calculation of the amount of tax dues and inform the Company of the date(s) for payments;
• Assist in preparation and submission on behalf of the Company, the tax declarations in Arabic;
• Review the tax declarations per the requirements of Kuwaiti tax regulations and issue an opinion;
• Scheduled follow-up audit appointments and prepared amended audit schedules and other supporting documents;
• Communicated with and assisted taxpayers or representatives regarding filing tax declarations, audits process, audit findings, explaining application of tax laws and regulations;
• Responded to incoming correspondence and assigned accounts to provide timely service and increase client retention; and
• Prepared audit appointment letters, written audit findings and reports with recommendations.

Tax Consultancy

• Follow up with the tax officials to arrange for a meeting to commence the inspection process for clients;
• Assist the Company in preparing the information required in support of the samples selected by the tax inspector together with any analysis or breakdowns requested;
• Provide periodic updates to the clients regarding the progress of the inspection process;
• Assist the Companies to prepare responses to queries raised by DIT during the inspection process;
• Respond to any queries raised by the Companies;
• Assist the clients to finalize the tax assessments process by following up with the DIT officials; and
• Provide the clients with a copy of the assessment letters together with its English translation and our comments.