VAT declaration

VAT-registered businesses are required to submit monthly VAT returns. There is often an option to submit quarterly VAT returns if turnover is below a specific limit. In addition to periodic returns, an annual summary VAT return is required.

Kuwait specifics

Kuwait is a member of the GCC, with a VAT rate of 5%.

How Infor meets the requirement

See the Tax User Guide and the Financials Setup and Administration Guide.