Kuwait Tax Update
Type
E-journal
Date
3 Feb 2014
Jurisdiction
Kuwait, Eire, Portugal
Taxonomy
Treaties & International Agreements, General Tax Law
Copyright
LexisNexis
Analysis
Slim Gargouri provides an update on tax developments in Kuwait, examining the tax agreements between Kuwait and Ireland and Kuwait and Portugal, which both came into effect on 1 January 2014.
Tax treaty between Kuwait and Ireland: effective from 1 January 2014
Signed on 23 November 2010, the tax treaty between Kuwait and Ireland entered into force on 12 August 2013. Its provisions are effective from 1 January 2014. The main provisions of the treaty were covered in our February and August 2011 tax updates. Dividends and interest are not taxable in their source country while royalties may be taxed in the source country at a rate not exceeding 5%.
Tax treaty between Kuwait and Portugal: effective from 1 January 2014
Signed in Lisbon on 23 February 2010, the tax treaty between Kuwait and Portugal entered into force on 5 December 2013. Its provisions are effective from 1 January 2014.