Fahim Bashir

Partner - Tax and Corporate Services

KPMG in Kuwait

Fahim is a Partner in KPMG’s Tax & Corporate Services department with over 14 years of Accounting, Audit, and Tax Compliance and Advisory experience in the UK and another ‘Big 4’ in the Middle East. During his time in the UK, Fahim was a part of a larger team that performed statutory audits and corporate and personal tax compliance services.

Education and Qualification
  • Chartered Accountant (Institute of Chartered Accountants of England and Wales)
  • Bsc. Economics and Accountancy, City University, London.

 

Professional and Industry Experience

Fahim has an understanding and experience in the application of Value Added Tax principles and has advised in his previous roles on VAT provisions in the United Kingdom.

Fahim manages the day-to-day Kuwait tax compliance matters for a large portfolio of multinational clients. Fahim has significant experience in assisting/advising clients on their tax compliance matters including registration with the Ministry of Finance in Kuwait for tax purposes, review of agreements related to Kuwait operations, planning and selection of fiscal period, review of tax declaration to be filed to the Kuwait Tax Authority, discussions with Head of Tax Inspections/Tax Inspector over the tax treatment of specific and material items which have been a point of contention between the tax authority and clients.

On a regular basis, Fahim advises major groups in the distribution/retail, infrastructure, engineering & construction, and professional services on tax-efficient structures for an outbound investment involving the application of appropriate tax treaties/holding company structures.

Fahim has extensive experience in advising companies in respect of inbound investments in Kuwait. Fahim has assisted major multinational companies in structuring their operations in Kuwait in a tax-efficient manner including detailed advice in respect of the application of various tax treaties with Kuwait.

 

Representative Client Experience and Key Skills

  • Direct and Indirect tax advisory and compliance.
  • Direct and Indirect tax controversy/dispute.
  • International corporate tax planning.
  • BEPS 2.0