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Current Withholding Tax Rates

Kuveyt Turk Portfolio Current Withholding Tax Rates 

Fund Withholding Rates Updated! 

  • Withholding tax rate for mutual funds purchased and held between 23 December 2020 - 30 April 2024 is 7.5%. (Withholding tax rate is 10% for Variable, Mixed and Hedge Funds and mutual funds with the term ‘Foreign Currency’ in their titles). 

 

  • Withholding tax rate for mutual funds purchased and held between 01 May 2024 - 31 October 2024 is 7.5%. (Withholding tax rate is 10% for Variable, Mixed and Hedge Funds and mutual funds with the term ‘Foreign Currency’ in their titles). 

 

  • Withholding tax rate for investment funds purchased and held between 01 November 2024 - 31 January 2025: 10% 

 

  • The withholding tax rate is 15% for mutual funds purchased on or after 01 February 2025. 

 

  • For legal customers, 0% withholding tax is applied. 

 

  • On Equity Intensive Funds there is 0% withholding tax (KPC, KPU, KPA and KTS). 

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