Gulf Cooperation Council

Tax authorities

Bahrain: Tax authorities

Ministry of Finance
Building 100, Road 1702, Block 317
PO Box 333
Diplomatic Area
Manama
Tel: +973 175 7 5000
Fax: +973 175 3 2853
Website: www.mof.gov.bh

Kuwait: Tax authorities

Ministry of Finance
Ministries Complex, City of Kuwait 13001
PO Box 9, Safat
Tel: +965 22480000
Email: suad@moci.gov.kw
Website: www.mof.gov.kw

Oman: Tax authorities

Ministry of Finance
PO Box 506, Muscat
Tel: +968 2473 8201
Fax: +968 2329 5888
Email: info@mof.gov.om
Website: www.mof.gov.om

Qatar: Tax authorities

Ministry of Economy & Finance
PO Box 83, Al Corniche Road, Doha
Tel: +974 4446 1444
Fax: +974 4443 1177
Email: info@mof.gov.qa
Website: www.mof.gov.qa

Saudi Arabia: Tax authorities

Ministry of Finance
Al Malaz, Riyadh, 12641
Tel: +966 405 0000
Fax: +966 405 9502
Email: info@mof.gov.sa
Website: www.mof.gov.sa

United Arab Emirates: Tax authorities

Ministry of Finance
PO Box 433, Al Falah Street, Abu Dhabi
Tel: +971 2 672 6000
Fax: +971 2 676 8414
Email: estifsarat@mof.gov.ae
Website: www.mof.gov.ae


Tax rates at a glance

Bahrain: Tax rates at a glance

(As of January 1 2016)

Corporate income tax rate 0% (a)
Capital gains tax rate 0%
Branch tax rate 0%
Withholding tax 0%

  1. Oil and gas companies are subject to a special income tax. Oil and gas companies are subject to tax on income derived from the sale of finished or semi-finished products manufactured from natural hydrocarbons in Bahrain and from the sale of such raw materials if produced from the ground in Bahrain. The rate of tax is 46%.

Source: EY 2016 Worldwide Corporate Tax Guide

Kuwait: Tax rates at a glance

(As of January 1 2016)

Corporate income tax rates 15% (a)
Capital gains tax rate 15% (a)
Branch tax rates 15% (a)
 
Withholding tax
Dividends 15% (b)
Interest 0% (c)
Royalties 0% (c)
Management fees 0% (d)
Branch remittance tax 0%
 
Net operating losses (years)
Carryback 0
Carryforward 3 (e)

  1. Under Law No. 2 of 2008, for fiscal years beginning after February 3 2008, the tax rate is a flat 15%. Before the approval of this new law, Amiri Decree No. 3 of 1955 had provided that the maximum tax rate was 55%. The maximum rate under Law No. 23 of 1961, which applies to profits derived from the operations in the Divided Neutral Zone, is 57%.
  2. This rate applies only to dividends distributed by companies listed on the Kuwait Stock Exchange.
  3. Under Article 2 of the Bylaws, income derived from the granting of loans by foreign entities in Kuwait is considered to be taxable income in Kuwait, which is subject to tax at a rate of 15%. Previously, foreign banks that solely granted loans in Kuwait were not taxed on the interest income received with respect to these loans.
  4. This income is treated as ordinary business income and is normally assessed on a deemed profit ranging from 98.5% to 100%.
  5. Article 7 of the Bylaws provides that losses can be carried forward for a maximum of three years (as opposed to an unlimited period under the prior tax law) if the entity has not ceased its operations in Kuwait.

Source: EY 2016 Worldwide Corporate Tax Guide

Oman: Tax rates at a glance

(As of January 1 2016)

Corporate income tax rate 12%
Capital gains tax rate 12%
Branch tax rate 12%
Withholding tax 10% (a)
 
Net operating losses (years)
Carryback 0
Carryforward 5

  1. This tax is imposed on certain payments to foreign persons that do not have a permanent establishment in Oman. Companies or permanent establishments in Oman that pay these items must deduct tax at source and remit it to the Secretary General for Taxation.

Source:> EY 2016 Worldwide Corporate Tax Guide

Qatar: Tax rates at a glance

(As of January 1 2016)

Corporate income tax rates 10%
Capital gains tax rate 0%/10%
Branch tax rates 10%
Withholding tax 5/7%
Net operating losses (years)
Carryback 0
Carryforward 3

Source: EY 2016 Worldwide Corporate Tax Guide

Saudi Arabia: Tax rates at a glance

(As of January 1 2016)

Corporate income tax rate
Companies engaged in oil and other hydro-carbon production 30% to 85% (a)
Other companies 20%
Capital gains tax rate 20%
 
Withholding tax
Dividends 5%
Interest 5%
Royalties 15%
 
Net operating losses (years)
Carryback 0
Carryforward Unlimited

  1. The withholding tax rates in Saudi Arabia range from 5% to 20%.

Source: EY 2016 Worldwide Corporate Tax Guide

United Arab Emirates: Tax rates at a glance

(As of January 1 2016)

Corporate income tax rates 0% (a)
Capital gains tax rates 0% (a)
Branch tax rates 0% (a)
Withholding tax 0% (a)

  1. No taxes are levied at a federal level in the UAE. VAT scheduled to be introduced within the next few years.

Source: EY 2016 Worldwide Corporate Tax Guide


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