Kuwait Tax Tables 2024 - Tax Rates and Thresholds in Kuwait

This page contains the tax table information used for the calculation of tax and payroll deductions in Kuwait in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ KW, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Kuwait or would like to add to or suggest amendments to the information herein then please contact us.

Kuwait Personal Income Tax Tables in 2024

The Income tax rates and personal allowances in Kuwait are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Kuwait Tax Calculator 2024.

In Kuwait, social security deductions are not applicable to the taxable income calculation for individuals, primarily because Kuwait does not levy personal income tax on its citizens or residents. The absence of personal income tax means that deductions typically associated with social security contributions do not affect the calculation of taxable income. This is in line with Kuwait's tax regime, which is designed to distribute the wealth generated from its vast oil resources among its citizens while attracting expatriates with tax-free income opportunities.

Kuwait Social Security and Payroll Deduction Rates in 2024

In Kuwait, the social security system provides a comprehensive range of benefits to employees, funded through contributions from both employers and employees. This system is designed to offer financial protection and support to workers in various circumstances, including retirement, disability, and death. The primary components of Kuwait's social security system include the Public Institution for Social Security (PIFSS), which administers these programs.

Retirement Benefits: Contributions to the social security system fund retirement benefits for employees, providing them with a source of income upon reaching the retirement age. These benefits are calculated based on the employee's salary and the number of years of service, ensuring a secure retirement for workers who have contributed to the system throughout their careers.

Disability Benefits: The system also provides financial assistance to employees who become disabled and are unable to work. Disability benefits are designed to support individuals in covering their living expenses and maintaining a reasonable standard of living in the event of a disability that prevents them from continuing their employment.

Death Benefits: In the case of an employee's death, the social security system offers benefits to the surviving family members. These death benefits help to support the deceased employee's dependents, providing them with financial assistance during difficult times.

Other Benefits: Additionally, the Kuwaiti social security system covers end-of-service benefits, which are paid to employees upon the termination of their employment. This is intended to provide financial support to workers transitioning between jobs or exiting the workforce.

Both employers and employees are required to contribute to the social security system, with rates determined by the government. These contributions are mandatory for Kuwaiti citizens, while expatriate workers are generally not included in the national social security system but may be covered by their employers' private insurance schemes.

The social security system in Kuwait plays a vital role in the welfare of the workforce, offering a safety net that protects employees and their families against the financial risks associated with retirement, disability, and death.

Historic Tax Tables supported for Kuwait

The following tax tables are supported by iCalculator™ KW as part of the suite of free tax tools we provide for Kuwait.