Kuwait XBRL filing:
the 2027 "Qayd" mandate
What every company operating in Kuwait — and every accountant serving one — needs to know about mandatory electronic financial-statement filing.
| Date | What happens |
|---|---|
| April 15, 2026 | Phase one of the "Qayd" portal launched (qayd.moci.gov.kw) |
| Throughout 2026 | Electronic filing is voluntary; paper continues |
| January 1, 2027 | XBRL e-filing becomes mandatory for all legal entities |
| Ongoing | Filing deadline: within 6 months of fiscal year-end |
Scope: there is no revenue threshold and no small-company exemption — WLLs, single-person companies, partnerships and joint-stock companies are all covered, roughly 151,200 registered entities. Filing itself is free at the ministry; statements must be reviewed and signed by a licensed auditor under Companies Law No. 1 of 2016, and non-compliance escalates to fines (Art. 305: KD 5,000–50,000) and ultimately commercial-license cancellation after three consecutive years (Art. 266/7).
XBRL is machine-readable tagging for financial statements: every figure is labeled so the ministry validates thousands of filings automatically. A balance sheet that is off by a single fils, or a structurally malformed file, is rejected instantly — the gap that used to slide through on paper becomes a hard stop. Kuwait follows IFRS, and the ministry has announced that the full technical taxonomy and procedural manual are still forthcoming, so any provider promising "100% guaranteed acceptance" today is promising something nobody can.
Springwood turns a small Kuwaiti company's books — even photographed invoices and a notebook — into balanced IFRS statements, Arabic PDFs, and a portal-ready XBRL file. It auto-computes the provisions manual books forget (depreciation, end-of-service benefits at the legally correct monthly÷26 daily wage, statutory reserve), never plugs a balance gap silently, and shows you the complete statements before you pay. One-time 39 KWD via KNET; your auditor reviews and signs.
Start free — pay only if you like the fileThe product experience is in Arabic. Also free with no sign-up: the Kuwait end-of-service benefit calculator.