The Social Security Rate in Kuwait stands at 19.50 percent. source: Department of Income Tax

Social Security Rate in Kuwait averaged 18.95 percent from 2004 until 2022, reaching an all time high of 22 percent in 2016 and a record low of 15.50 percent in 2005. This page provides - Kuwait Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Social Security Rate - values, historical data and charts - was last updated on February of 2023.

Social Security Rate in Kuwait is expected to reach 19.50 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Social Security Rate is projected to trend around 19.50 percent in 2024, according to our econometric models.

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Kuwait Social Security Rate

Related Last Previous Unit Reference
Social Security Rate 19.50 22.00 percent Dec 2022
Social Security Rate For Companies 11.50 11.50 percent Dec 2022
Social Security Rate For Employees 8.00 10.50 percent Dec 2022

Kuwait Social Security Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
19.50 22.00 22.00 15.50 2004 - 2022 percent Yearly