Kuwait has no personal income tax. But foreign-owned entities owe 15% corporate tax, and parent groups abroad need AUB Kuwait statements as subsidiary-level evidence. Get the data out of the PDF first.
Convert your AUB Kuwait statementAUB Kuwait — formerly Bank of Kuwait and the Middle East, now part of KFH Group following the 2023 acquisition — serves mid-market retail customers and SMEs. Its bilingual A4 statement is straightforward: clearly labelled debit, credit, and balance columns in KWD to 3 decimal places, with monthly opening and closing balance summaries at the top of the file.
That clarity matters for tax work. Foreign-owned entities pay 15% on Kuwait-source income. Statements prove the inbound revenue and identify deductible expense flows that the DIT will trace against the declared return.
Group parents in the US, UK, or Europe often consolidate Kuwait subsidiary financials. The AUB Kuwait statement is the bank-level source. A structured CSV makes the reconciliation possible against the group ledger or tax software.
Older AUB Kuwait statements (pre-2020) were sometimes scanned rather than text-layer. Kashfbank flags low-confidence rows so your accountant can spot-check against the source page.
Pull every credit and debit with 3-decimal KWD precision, preserve the original Arabic narration, and keep branch codes inside the description rather than misread as transaction references.
Standard bilingual Arabic-English A4 PDF. Clearly labelled debit, credit, and balance columns in KWD to 3 decimal places. Monthly opening/closing balance and summary totals at statement top. Transaction narrations include branch codes, cheque refs, and online banking identifiers.
| Label | Meaning |
|---|---|
| راتب | Salary credit |
| شيك وارد | Cheque received |
| سحب ATM | ATM withdrawal |
| كي نت | KNet point-of-sale |
| رسوم بطاقة | Card fee |
Rules in Kuwait differ — see our country guide
Pull the AUB Kuwait statement for your tax period
From AUB Kuwait Mobile or the online portal, request the statement covering your filing period. Most Kuwait corporates use Jan–Dec Gregorian.
Upload to Kashfbank
The bilingual PDF goes in as-is. KWD's three decimals stay intact. Branch codes survive in the Description column.
Categorise revenue, expense, and fee lines
Filter by Category in the spreadsheet to isolate inbound revenue, KNet spend, internal moves, and fees. Each row keeps its Arabic label.
Export and reconcile to your group ledger
Download as Excel or CSV. Sum credits for revenue, debits for expense. The 3-decimal KWD totals reconcile to the fil against your group consolidation.
Common challenges
AUB Kuwait merged with KFH. Does the statement format change?
Pre-merger AUB Kuwait statements remain in conventional bilingual A4 format. Post-merger KFH-issued statements use the KFH Islamic format with different transaction labels. Kashfbank handles both — confirm which entity issued the file before processing.
Does the export keep 3-decimal KWD precision?
Yes. 12.500 stays 12.500. Reconciliation against the parent-group ledger or DIT-submitted revenue figure needs the fil-level precision.
What about scanned AUB Kuwait statements from pre-2020 accounts?
Modern statements are text-layer. Older scanned PDFs may have lower OCR confidence; Kashfbank flags low-confidence rows in the output for manual review against the source.
Are branch codes like 'BR001' kept as part of the description?
Yes. AUB Kuwait's branch-code prefix can confuse naive parsers that treat it as a reference number. Kashfbank preserves it inside the Description column where it belongs.
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Regulator: Central Bank of Kuwait (CBK)
Fiscal year: Apr 1 – Mar 31 (government); Jan–Dec (private sector)
Full country guide →Statement language: Arabic / English