The Social Security Rate For Employees in Kuwait stands at 8 percent.

Social Security Rate For Employees in Kuwait averaged 6.94 percent from 2004 until 2020, reaching an all time high of 8 percent in 2015 and a record low of 5 percent in 2005. This page provides - Kuwait Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Social Security Rate For Employees - values, historical data and charts - was last updated on October of 2020.

Social Security Rate For Employees in Kuwait is expected to reach 10.50 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 Employees is projected to trend around 10.50 percent in 2021 and 8.00 percent in 2022, according to our econometric models.

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Kuwait Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
8.00 8.00 8.00 5.00 2004 - 2020 percent Yearly

Kuwait Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 15.00 15.00 55.00 15.00 percent [+]
Personal Income Tax Rate 0.00 0.00 0.00 0.00 percent [+]
Social Security Rate 19.50 19.50 19.50 15.50 percent [+]
Social Security Rate For Companies 11.50 11.50 11.50 10.50 percent [+]
Social Security Rate For Employees 8.00 8.00 8.00 5.00 percent [+]


Kuwait Social Security Rate For Employees
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.