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Bank proposes deducting 1% scientific progress levy from 15 percent corporate tax - Times Kuwait
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Bank proposes deducting 1% scientific progress levy from 15 percent corporate tax - Times Kuwait
Under the applicable framework, such companies are no longer required to pay the 2.5 percent contribution supporting national employment and the additional zakat obligation applicable to companies outside the multinational entities tax regime, with the combined burden not exceeding 4.5 percent of net profits, including the scientific progress contribution. A Kuwaiti bank has opened discussions …
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