RSM Kuwait

RSM Albazie Kuwait is a member of RSM, the world’s 6th largest provider of Audit, Tax and Consulting services.
Address: Arraya Tower, Floor 41 & 42,Sharq.

[RSM Kuwait @RSMKuwait]

Ready to turn AI compliance risk into a strategic advantage?

RSM's structured four-stage approach to ISO/IEC 42001 implementation helps organisations build AI governance, manage risk and prepare for certification.

From gap assessments to continual improvement, we support organisations in implementing responsible AI practices with confidence.

To learn more about our AI Governance and ISO/IEC 42001 implementation services, contact our Cybersecurity team at [email protected] or visit: https://t.co/2rrZFim7Dv

[RSM Kuwait @RSMKuwait]

Kuwait's National Basic Cybersecurity Controls (NBCC) establish a mandatory cybersecurity baseline through six core functions: Govern, Identify, Protect, Detect, Respond and Recover.

For many organisations, compliance goes beyond technology. It requires effective governance, documented controls and evidence to demonstrate compliance in practice.

At RSM in Kuwait, we support organisations throughout their NBCC compliance journey, from readiness and gap assessments to control implementation, testing and regulator-ready documentation.

To discuss your organisation's NBCC readiness, contact our Cybersecurity team at [email protected] or
learn more about our Cybersecurity services at:https://t.co/2rrZFim7Dv

[RSM Kuwait @RSMKuwait]

July is an important month for ESG in the GCC.
Here are the key events shaping the region's sustainable future.

𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗼𝗻 𝗚𝗿𝗲𝗲𝗻 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 & 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 (𝗜𝗖𝗚𝗟𝗘𝗦-𝟮𝟲)
 July 6–7 | Manama, Bahrain - https://t.co/onRtnKgJQn
𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗼𝗻 𝗧𝗿𝗮𝗰𝗲 𝗖𝗵𝗲𝗺𝗶𝗰𝗮𝗹 𝗣𝗼𝗹𝗹𝘂𝘁𝗮𝗻𝘁𝘀 & 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹 𝗜𝗺𝗽𝗮𝗰𝘁 (𝗜𝗖𝗧𝗖𝗣𝗘𝗜-𝟮𝟲)
 July 6–7 | Sur, Oman - https://t.co/GthRO7yetq
𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗼𝗻 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 (𝗜𝗖𝗘𝗧𝗦𝗗-𝟮𝟲)
 July 14–15 | Sanad, Bahrain - https://t.co/wOJ4RpgYSQ
𝗘𝗦𝗚 & 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲
 July 19–23 | Riyadh, Saudi Arabia - https://t.co/EZbmi1VOhF
𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗼𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗦𝗼𝗰𝗶𝗮𝗹 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 & 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗘𝘁𝗵𝗶𝗰𝘀 (𝗜𝗖𝗖𝗦𝗥𝗕𝗘-𝟮𝟲)
 July 27–28 | Dubai, UAE - https://t.co/jLoEGiEbm7
𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗼𝗻 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 & 𝗡𝗮𝘁𝘂𝗿𝗮𝗹 𝗦𝗰𝗶𝗲𝗻𝗰𝗲 (𝗜𝗖𝗘𝗡𝗦-𝟮𝟬𝟮𝟲)
 July 28–29 | Kuwait City, Kuwait - https://t.co/7mWXyqb6eT

Navigating the ESG landscape is complex. At RSM in Kuwait, we provide the clarity and expertise to turn your ambition into action.

Which events will you be attending? 𝗧𝗮𝗴 𝗮 𝗰𝗼𝗹𝗹𝗲𝗮𝗴𝘂𝗲 𝗼𝗿 𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻 𝘄𝗵𝗼 𝗻𝗲𝗲𝗱𝘀 𝘁𝗼 𝗮𝘁𝘁𝗲𝗻𝗱!

[RSM Kuwait @RSMKuwait]

Thank you for joining us. The 2026 Reporting Readiness Imperative, our first IFRS 18 briefing, led by Sriram Gopalakrishnan — is now concluded.

We covered why IFRS 18 replaces IAS 1 and the shape of the new structured P&L. Management Performance Measures and the wider reporting transformation follow in the next sessions of the series.

Follow RSM in Kuwait for to know more about our upcoming webinars on IFRS 18 and for a one-on-one on your organization's readiness — [email protected].

#IFRS18 #Kuwait #RSMKuwait

[RSM Kuwait @RSMKuwait]

For many years, compliance was viewed primarily as a reporting obligation. Today, that perspective is changing.

Regulatory developments are arriving faster, reporting requirements are becoming more sophisticated, and stakeholders are paying closer attention to governance and transparency.

As a result, compliance is no longer simply about meeting deadlines. It is about building processes that allow organisations to adapt efficiently when change occurs.
The businesses that proactivity plans can manage this transition successfully are not necessarily those with the largest compliance teams. They are the ones that make preparation part of their operating model.

Preparation creates confidence. Confidence supports better decisions.

[RSM Kuwait @RSMKuwait]

Cybersecurity requirements in Kuwait have entered a new phase.

The National Basic Cybersecurity Controls (NBCC) are now the minimum cybersecurity standard for entities operating under the National Cyber Security Center's mandate. With an 18-month compliance window, organisations should begin preparing for compliance.

RSM in Kuwait supports organisations throughout the NBCC compliance journey, from gap assessments to regulator-ready reporting.

To discuss your organisation's NBCC readiness, contact our Cybersecurity team at [email protected] or
learn more about our Cybersecurity services at:  https://t.co/2rrZFim7Dv

[RSM Kuwait @RSMKuwait]

1 Day to Go | IFRS 18 Readiness

The most significant restructuring of financial statement presentation in over two decades is coming into effect.

Join RSM in Kuwait for a practitioner-led session on IFRS 18 implementation, comparative year preparation, and actionable insights to navigate the transition with confidence.

Last day to Register: https://t.co/NWq9vvqaHv

[RSM Kuwait @RSMKuwait]

IFRS 18 will reshape how performance is reported and understood across financial statements. As 2026 becomes the comparative year, readiness can no longer be delayed.

Join RSM in Kuwait for a focused briefing on what is changing and what finance leaders must do now.

IFRS 18 | Reporting Readiness Starts Here - https://t.co/NWq9vvqaHv

[RSM Kuwait @RSMKuwait]

Reporting under IFRS 18 introduces new considerations that will affect how performance is defined, measured and communicated.

From income statement structure to management-defined performance measures, organizations may need to review existing reporting frameworks, covenants and internal
metrics to align with the updated requirements. These changes highlight the importance of early assessment and structured readiness planning.

Learn more about our IFRS 18 insights  - https://t.co/NWq9vvqaHv

[RSM Kuwait @RSMKuwait]

⏳ Kuwait Tax Alert: Are You Ready for the Upcoming Deadlines?

Participation in Kuwait's Advance Tax Payment System requires more than early payment, it requires timely planning and accurate computations.

In Episode 3 of Tax in a Minute, we break down the key deadlines and compliance steps introduced under Circular No. 1 of 2026.

Your action checklist:
• Submit your enrollment request to the Tax Inspection and Claims Department by 31 May 2026.
• Complete a preliminary Pillar Two computation, including Globe income/loss, covered taxes, substance-based income exclusions, and top-up tax calculations.
• Submit the Provisional Tax Statement and advance tax payment by 30 June 2026.
• File the final tax declaration within the statutory deadline of 15 months from the year-end.

With multiple compliance milestones approaching, organisations should begin assessing their readiness and documentation requirements now.

📩 To discuss your obligations or prepare for enrollment, contact our tax team at [email protected].

[RSM Kuwait @RSMKuwait]

IFRS 18 introduces significant changes to reporting structures and performance measures that organisations will need to prepare for ahead of 2027 - Register now to attend the webinar - https://t.co/NWq9vvqaHv

In this session, we will discuss the key areas of change including income statement structure, management-defined performance measures, and implications for reporting systems and internal processes.

Join our practitioner-led briefing to understand what these changes may mean for your organisation and how to start preparing.

[RSM Kuwait @RSMKuwait]

🚀 Kuwait Tax Update: Why Consider Early Participation?

The new Advance Tax Payment System is more than a payment mechanism—it offers practical administrative advantages for eligible taxpayers.

In Episode 2 of Tax in a Minute, we highlight the key benefits available to MNE Groups that voluntarily participate in the programme established under Circular No. 1 of 2026.

Benefits for participating taxpayers include:
• Priority treatment for tax inspections and assessments.
• Faster processing of refund requests, objections, and grievances.
• Priority issuance and renewal of tax cards.
• Advance payments are credited against final tax liabilities when the tax return is filed.

For multinational groups navigating Kuwait's new Pillar Two landscape, early preparation may help streamline compliance and administrative processes.

👇 Learn how your organisation can prepare for participation:
https://t.co/Bu714dZG98

[RSM Kuwait @RSMKuwait]

🏛️ Kuwait Tax Update: A New Advance Tax Payment System for MNEs

What if you could simplify your first filing cycle under Kuwait's new multinational tax regime?

In Episode 1 of Tax in a Minute, we explore Circular No. 1 of 2026, which introduces an optional Advance Tax Payment System for Multinational Enterprise (MNE) Groups subject to Decree-Law No. 157 of 2024.

Key points to note:
• Applies to in-scope MNE Groups under Kuwait's Domestic Minimum Top-Up Tax (DMTT) regime.
• Aligns with the OECD Pillar Two framework and Kuwait's 15% minimum effective tax rate.
• Designed to support compliance during the first filing cycle for periods ending on or before 31 March 2026.
• Participation is entirely voluntary, with no penalties for non-participation.

Understanding whether your organisation falls within scope is an important first step in assessing compliance obligations under Kuwait's evolving tax framework.

👇 Connect with our tax specialists to discuss how these developments may apply to your business:
https://t.co/Bu714dZG98

[RSM Kuwait @RSMKuwait]

A time to reflect, reset and move forward with gratitude.

On the occasion of the Islamic New Year (1448 AH), RSM in Kuwait extends warm wishes to our clients, colleagues and community. May the year ahead be filled with peace, progress and meaningful new beginnings.

#IslamicNewYear #Hijri1448 #RSMinKuwait

[RSM Kuwait @RSMKuwait]

🏛️ Stricter Public Procurement Rules: Navigating Kuwait's FY 2026/2027 Budget Regulations

How protected are your historical retentions and current public sector bids in Kuwait?
In Episode 3 of Tax in a Minute, we break down major statutory modifications engineered to eliminate legacy tax gaps and push corporate transparency.

Technical Highlights:

• Retention Transfer Mechanics: Shifting unclaimed 5% retentions to the MoF after 5 years places a higher operational burden on subcontractors to track and claim their capital proactively.
• Fiscal Responsibility Shifting: By eliminating gross-up and tax-reimbursement contract mechanics, the government ensures that tax liabilities rest solely on the executing corporate entity.

Review your commercial structures and vendor compliance workflows today to mitigate contract enforcement risks.

🌐 Schedule a review with our tax practice via [email protected].

[RSM Kuwait @RSMKuwait]

🚀 Kuwait Tax Update: Stop Trapping Capital in Tax Retentions

For Multinational Enterprises (MNEs) in Kuwait, compliance is no longer just a regulatory burden—it is an absolute cash flow accelerator.
In this episode 2 of Tax in a Minute, we map out the exact criteria needed to bypass the traditional 5% retention rule with ministries, public bodies, and government entities.

The Qualification Blueprint:
• Active registration under Decree-Law No. 157 of 2024.
• Presentation of a valid, up-to-date Tax Card.
Fulfilling these requirements means immediate relief from government retentions and a healthier cash flow. However, remember that standard retention obligations still apply downstream to your own subcontractors.

Connect with our tax professionals today at https://t.co/Bu714dZG98

[RSM Kuwait @RSMKuwait]

Employee Spotlight: Thabet Reham, Senior Associate – Sustainability Services

At RSM in Kuwait, we recognise professionals like Thabet whose work in sustainability services supports clients in understanding ESG considerations and developing responsible long-term strategies.

Her perspective and commitment contribute to our team’s continued development and the support we aim to provide to our clients.

Learn more about life at RSM in Kuwait: https://t.co/nhoEjAL6c0

[RSM Kuwait @RSMKuwait]

The construction and real estate sector plays a significant role in shaping a more sustainable future.

Across the GCC, organisations are increasingly exploring ESG practices, green building certifications and net-zero initiatives to reduce environmental impact and support long-term value creation.

Our latest reel highlights key ESG trends shaping the sector and how organisations can move beyond compliance towards sustainable growth.

Read our latest newsletter: https://t.co/ATkoeP8Ve0

[RSM Kuwait @RSMKuwait]

🏛️ Regulatory Update: Kuwait’s New Budget Executive Regulations FY 2026/2027

How will Kuwait's latest tax reforms influence your government contract workflows?
In this episode 1 of Tax in a Minute, we break down a significant structural shift: Qualified Multinational Enterprises (MNEs) are now exempt from the traditional 5% tax retention mechanism when transacting with ministries, public bodies, and government entities.

This amendment marks a major milestone in anchoring Kuwait’s local tax laws to global OECD Pillar Two requirements, optimizing liquidity pathways for compliant international firms.

👇 For deep-dive structural evaluations and impact assessments on your corporate cash flows, reach our advisory team at https://t.co/Bu714dZG98

[RSM Kuwait @RSMKuwait]

IFRS 18 implementation requires more than understanding the standard. It calls for a structured approach across reporting, policies, systems, disclosures and stakeholder communication.

RSM in Kuwait supports organisations through each stage of the IFRS 18 transition, from initial gap assessment to reporting readiness.

Connect with us to learn more about our IFRS 18 Implementation Services: https://t.co/0QRxNJTshJ

#IFRS18 #FinancialReporting #Assurance #RSMinKuwait