In practice, no income tax is levied on Kuwaiti and Gulf Cooperation Council (GCC) owned and incorporated companies operating in Kuwait. However, depending on the nature of the entity, a Kuwaiti or GCC entity with operations in Kuwait may be subject to local taxes such as Zakat, National Labor Support Tax (NLST), or a levy in the form of a contribution to the Kuwait Foundation for the Advancement of Science (KFAS). You use this report to create the declarations for these local taxes.
You have made settings in the following Customizing activities:
You have defined the financial statement version used for this report in Customizing for
, underYou have defined the form structure used for this report in Customizing for
, under .You have specified the Kuwait Stock Exchange information for your company in Customizing for
, under . Specify the following information:Enlistment Date
Entry Number in Stock Exchange
You have assigned the relevant PDF form to this report in Customizing for
, underOn the selection screen, you enter the selection parameters for which the report should be run and make the specific report selections that determine the content of the output. Through the External Figures
pushbutton at the top of the selection screen you make manual entries for values that are not drawn from the specified financial statements.
In External Figures
you select the line number configured for manual entry and input the year, period, amount, and currency. For example:
Line Number | Year | Period | Line Description | Amount | Currency |
---|---|---|---|---|---|
120 | 2013 | 1 | Profit from Local Operations | 11,000.00 | KWD |
Note
If you select a form version that is not assigned to this report in the Customizing activity Assign PDF Forms to Reports
then the results will be incorrect.
Output
Select the Output Type
as ALV Display
to view the results of the report before you print or generate a PDF. In Other Parameters for Output
, you use the Form Version
to determine the language of the PDF output.
To access this report on the SAP Easy Access
screen, choose , or transaction KW_TAXLOCL
.