EY holds forum on Kuwait tax landscape
KUWAIT, 4 hours, 17 minutes ago The tax landscape in Kuwait is evolving fast and so is the transformation and digitization of the tax authority, according to experts professional services firm EY at recently concluded series of tax webcasts. The virtual sessions, which were attended by more than 200 tax and accounting professionals from entities across Kuwait, discussed updated recent practices and digitalization of processes by the Kuwait Tax Authority, potential challenges that tax-payers in the country could face, and the future of finance and tax functions in the region. Ahmed Eldessouky, Kuwait Tax Leader, EY, said: “The COVID-19 pandemic forced regional governments to concentrate on stimulating business, supporting individuals, as well as using tax and expenditure to support companies. In 2020, the Kuwait Tax Authority was amongst the first in the region to postpone submission of tax returns and the payments deadlines to support