Foreign Tax Credit (FTC) allows individuals and businesses to reduce their tax liability by claiming credit for income taxes paid to another country. This applies to income earned abroad—whether through employment, business activities, or foreign investments.

In the GCC region, FTC is notably applicable in Kuwait and Oman.

• In Kuwait, eligibility is determined based on provisions outlined in the relevant Double Taxation Avoidance Agreements (DTAAs).

• In Oman, FTC may be granted even in the absence of a tax treaty, subject to approval by the Director of Taxation on a case-by-case basis.

At Goldstone, we provide expert guidance throughout the FTC process to ensure you maximize your tax benefits while remaining fully compliant. Our services include:

• In-depth advisory on FTC eligibility under domestic laws and DTAAs

• Review of documentation requirements and compliance obligations

• Strategic support for submitting and substantiating your FTC claim

• Ongoing assistance with cross-border income reporting and tax planning

Let Goldstone simplify the complexities of international taxation and help you reclaim what’s rightfully yours.