{"id":24317,"date":"2024-01-15T11:06:00","date_gmt":"2024-01-15T08:06:00","guid":{"rendered":"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/"},"modified":"2024-01-15T11:06:00","modified_gmt":"2024-01-15T08:06:00","slug":"talking-tax-kpmg-annual-conference-slated-for-jan-23","status":"publish","type":"post","link":"https:\/\/kw.jummasouq.com\/ar\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/","title":{"rendered":"\u00e2\u20ac\u02dcTalking Tax\u00e2\u20ac\u2122 KPMG annual conference slated for Jan 23"},"content":{"rendered":"<div>\n<div class=\"td-post-featured-image\"><a href=\"https:\/\/kw.jummasouq.com\/wp-content\/uploads\/2026\/01\/\u00e2\u20ac\u02dcTalking-Tax-KPMG-annual-conference-slated-for-Jan-23.jpg\" data-caption=\"\"><img fetchpriority=\"high\" decoding=\"async\" width=\"459\" height=\"281\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/kw.jummasouq.com\/wp-content\/uploads\/2026\/01\/\u00e2\u20ac\u02dcTalking-Tax-KPMG-annual-conference-slated-for-Jan-23.jpg\"   alt=\"\" title=\"\"\/><\/a><\/div>\n<p> <!-- A generated by theme --> <\/p>\n<p> <!-- end A --> <\/p>\n<p>As part of Kuwait\u00e2\u20ac\u2122s efforts to address the tax challenges arising from the digitization of the economy, KPMG in Kuwait will hold its annual Talking Tax conference on January 23.<\/p>\n<p>On November 15, 2023, Kuwait had announced regarding its accession to the comprehensive framework of the Organization for Economic Cooperation and Development (OECD) and the G20 on tax erosion and profit shifting. This international collaboration involves over 140 member countries and is part of Kuwait\u00e2\u20ac\u2122s broader efforts to combat tax evasion.<\/p>\n<p>Zubair Patel, Head of the Tax Department at KPMG in Kuwait, commented on this significant development, stating that they perceive this measure as a positive shift towards achieving tax transparency both locally and globally. Kuwait\u00e2\u20ac\u2122s participation in implementing the tax erosion and profit transfer package, comprising 15 measures, is expected to enhance the coherence of international tax laws.<\/p>\n<p>In response to Kuwait\u00e2\u20ac\u2122s announcement, the Organization for Economic Cooperation and Development confirmed that Kuwait has chosen to adopt the option based on two fundamental pillars. These pillars aim to initiate reforms in tax laws, ensuring that multinational companies fulfill their tax obligations appropriately in the regions where they operate.<\/p>\n<p>As per the agreement, any Kuwaiti multinational company, including government institutions, operating outside Kuwait with annual revenues exceeding 750 million euros (approximately 245 million Kuwaiti dinars), will be subject to a 15% tax on its profits. The implementation of these measures is anticipated to commence from the year 2025 onward.<\/p>\n<div class=\"td-a-rec td-a-rec-id-content_bottom  tdi_3 td_block_template_1\">\n<\/p>\n<h4 style=\"text-align: center;\"><span style=\"color: #ff0000;\">Read Today&#8217;s News TODAY&#8230;<\/span>&#13;<br \/>\non our <a href=\"https:\/\/t.me\/thetimeskuwait\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">Telegram Channel<\/span><\/a>&#13;<br \/>\nclick here to join and receive all the latest updates&#13;<br \/>\n<a href=\"https:\/\/t.me\/thetimeskuwait\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #3366ff;\">t.me\/thetimeskuwait<\/span><\/a><\/h4>\n<p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>As part of Kuwait\u00e2\u20ac\u2122s efforts to address the tax challenges arising from the digitization of the economy, KPMG in Kuwait will hold its annual Talking Tax conference on January 23. On November 15, 2023, Kuwait had announced regarding its accession to the comprehensive framework of the Organization for Economic Cooperation and Development (OECD) and the<\/p>","protected":false},"author":48,"featured_media":24318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_rtcl_gb_attr":"","footnotes":""},"categories":[556],"tags":[],"class_list":["post-24317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-times-kuwait"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u00e2\u20ac\u02dcTalking Tax\u00e2\u20ac\u2122 KPMG annual conference slated for Jan 23 - Jumma Souq<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kw.jummasouq.com\/ar\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Times kuwait\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"\u062f\u0642\u064a\u0642\u0629 \u0648\u0627\u062d\u062f\u0629\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/\"},\"author\":{\"name\":\"Times kuwait\",\"@id\":\"https:\/\/kw.jummasouq.com\/#\/schema\/person\/965b0b570b7fbd26db93912c6a313f62\"},\"headline\":\"\u00e2\u20ac\u02dcTalking Tax\u00e2\u20ac\u2122 KPMG annual conference slated for Jan 23\",\"datePublished\":\"2024-01-15T08:06:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/\"},\"wordCount\":264,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kw.jummasouq.com\/wp-content\/uploads\/2026\/01\/\u00e2\u20ac\u02dcTalking-Tax-KPMG-annual-conference-slated-for-Jan-23.jpg\",\"articleSection\":[\"Times kuwait\"],\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/\",\"url\":\"https:\/\/kw.jummasouq.com\/talking-tax-kpmg-annual-conference-slated-for-jan-23\/\",\"name\":\"\u00e2\u20ac\u02dcTalking Tax\u00e2\u20ac\u2122 KPMG annual conference slated for Jan 23 - 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