Kuwait: 10% Tax on Companies' Profits Under Consideration

Analysis

Kuwait's Trade and Industry Minister, Dr Yusuf Alali has announced a proposal to impose a 10% tax on company profits is under consideration.

Alali added the country is trying to improve its business environment by introducing easier procedures to establish companies and reduce paperwork.

The establishment of a one window office is being considered and a new law to help companies in financial difficulties is also expected to be issued soon.

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