Foreign Tax Credit (FTC) Advisory
Foreign Tax Credit (FTC) Advisor
Due to international income tax withholdings, income taxes paid to foreign governments are credited to the international Tax Credit (FTC). Anyone having foreign income, whether from employment or investment, is eligible for it.
FTC is applicable in Kuwait and Oman inside the GCC. It is applicable in Kuwait where the DTAA contains a credit allowance. In Oman, the Director of Taxation grants FTC permission on an individual basis. Even in the absence of a tax treaty with the source nation, it may be granted.
Our tax professionals at GST Corporate Services walk you through the procedure with:
FTC is applicable in Kuwait and Oman inside the GCC. It is applicable in Kuwait where the DTAA contains a credit allowance. In Oman, the Director of Taxation grants FTC permission on an individual basis. Even in the absence of a tax treaty with the source nation, it may be granted.
Our tax professionals at GST Corporate Services walk you through the procedure with:
- Guidance on filing an FTC claim under the applicable tax laws and DTAAs
- Guidance on FTC eligibility requirements and compliance/document requirements
Our Services
Taxation
Match your establishment goals with your tax tactics. Our tax professionals in the United Arab Emirates provide comprehensive, integrated support in a range of tax areas.
Audit & Assurance
Companies are always expected to be up to date with the rapidly changing technical landscape and regulatory requirements. The audit landscape has seen substantial changes throughout the years
Legal Advisory
The GST Legal Consulting team is knowledgeable about the latest and intricate changes to corporate and commercial laws as well as regulatory compliances in the United Arab Emirates.
Business Setup
Establishing and closing a business successfully in the United Arab Emirates involves a multifaceted process. To facilitate legal proceedings and paperworkone needs a solid project management background
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