UAE’s Cabinet of Ministers have approved the income tax treaty with Kuwait. The treaty was signed on 11 February 2024. It is the first income tax treaty between the two countries. The agreement seeks to prevent double taxation on

Kuwait has adopted OECD's Pillar Two global minimum tax with the publication of Decree No. 157/2024 in the Official Gazette on 30 December 2024. The decree imposes a 15% minimum tax rate on multinational enterprise (MNE) groups that generate over

Kuwait's Official Gazette published a Decree Law on 19 January 2025 amending Article 441 of Civil Law No. 67/1980 which extends the statute of limitations for tax claims and obligations from five to 10 years. This change impacts legal frameworks

Kuwait's Ministry of Finance announced on X that a supplementary domestic minimum top-up tax (DMTT) for large multinational enterprises (MNEs) has been introduced through Decree No. (157) of 2024 on 30 December 2024. The Decree is designed to

Kuwait's Ministry of Finance is deciding on a draft law that will impose a 15% corporate income tax on all companies operating in the country, effective 1 January 2025. This tax will apply to both local and multinational companies, with the

The amending protocol to the Kuwait-South Africa Income Tax Treaty came into force on 2 October 2024. This protocol has been applied retroactively, with its provisions taking effect from 1 April 2012. The amending protocol was signed on 1 April