23 January 2024; Kuwait – PwC Middle East in Kuwait successfully hosted its annual Tax seminar, “Navigating tomorrow’s possibilities,” on Tuesday, January 23, at the Waldorf Astoria in Kuwait.
The seminar attracted over 200 clients, including industry professionals, policymakers, and key stakeholders. Distinguished guests from the Ministry of Finance, Ministry of Commerce and Industry (“MOCI”), Kuwait Direct Investment Promotion Authority (“KDIPA”), and representatives from various embassies graced the occasion.
The seminar delved into crucial topics, encompassing Kuwait market updates and the evolving tax landscape. A focus on current tax challenges and opportunities was addressed by in-depth discussions on Pillar 2, a particularly relevant subject as Kuwait had recently joined the OECD/G20 Inclusive Framework on BEPS.
Other key areas of discussion included UAE Corporate Income Tax, Environmental, Social, and Governance (ESG) considerations, transfer pricing strategies, and more. The event provided a comprehensive overview of emerging trends in the regulatory environment and insights into navigating the business landscape in Kuwait.
Sherif Shawki, Tax Leader - Kuwait & Egypt, PwC Middle East in Kuwait, emphasised the seminar's significance: “This seminar was not just an event but a collaborative effort to empower businesses with the knowledge and insights needed for success. We are proud to have facilitated a platform that not only address the challenges but also provided actionable solutions. The success of this event is a testament to the dedication PwC Middle East has in the region and the commitment of businesses in Kuwait to embrace change and foster growth.”
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Established in the Middle East for over 40 years, PwC Middle East has 30 offices across 12 countries in the region with around 11,000 people. (www.pwc.com/me).
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