Kuwait: Corporate Tax Plan Under Consideration
Type
E-journal
Date
17 Mar 2015
Jurisdiction
Kuwait
Taxonomy
Corporation Tax
Copyright
LexisNexis
Analysis
Kuwait's Deputy Prime Minister and Commerce and Industry Minister, Dr Abdulmohsen Al-Medaij has announced the country is working with the International Monetary Fund to implement taxes on companies.
The two sides also reviewed the most important articles of the new Companies Law as the IMF is working on an initial report about how taxes might be applied on companies in the country.
The IMF has been tasked with studying tax reforms in Kuwait by the country's Ministry of Finance, as well as setting an institutional framework to revise tax policies.