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Alok Chugh
Ernst & Young · Kuwait
Ernst & Young
Tax · Kuwait
Alok Chugh is a chartered accountant by profession, and started his career with Ernst & Young (EY) in India in 1992. He moved to the Middle East in 1993 to join the tax practice of EY. He is currently a tax partner with EY’s Middle East practice, and is the market segment leader for tax in Kuwait.
Mr Chugh is also tax leader for Middle East and North Africa (MENA) for government & public sector and an account leader for certain very large US, UK, European, Korean, Japanese and Chinese multinationals operating in the region. He has extensive experience of advising multinational companies on tax matters involving tax planning, compliance and cross border tax restructuring.
In addition, Mr Chugh has been involved in several engagements relating to private placement, mergers and/or acquisition of companies and tax-efficient structuring of such transactions. He has expert knowledge of tax laws in Kuwait, offset regulations and Kuwait direct investment law, and he regularly advises companies on doing business in Kuwait.
EY clients in Kuwait include multinational companies in the field of oil & gas, EPC contractors, financial services and software consultants. Mr Chugh has extensive experience in advising entry-level strategies for foreign multinationals wishing to do business in the country. Moreover, he has been involved in a number of consulting assignments, including cross-border planning, application of double tax treaties and handling of tax affairs efficiently and has assisted a number of foreign companies to obtain licenses to establish 100% foreign owned legal entities/branches in Kuwait.
Mr Chugh has good working knowledge and experience of the regulatory environment in Kuwait and in this regards works very closely with a number of government institutions such as the Ministry of Finance, Kuwait Direct Investment Authority, Kuwait Authority for Advanced Projects etc. and is regularly consulted on and various fiscal and regulatory reforms in Kuwait, including encouragement of foreign investments.
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