The Social Security Rate For Companies in Kuwait stands at 11.50 percent. Kuwait Social Security Rate For Companies - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate For Companies in Kuwait averaged 11.06 percent from 2004 until 2020, reaching an all time high of 11.50 percent in 2015 and a record low of 10.50 percent in 2005. This page provides - Kuwait Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate For Companies in Kuwait is expected to reach 11.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Social Security Rate For Companies is projected to trend around 11.50 percent in 2021, according to our econometric models.


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Kuwait Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
11.50 11.50 11.50 10.50 2004 - 2020 percent Yearly


Kuwait Social Security Rate For Companies
In Kuwait, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Kuwait because they help to pay for many social programs including welfare, health care and many other benefits.