Kuwait: 10% Corporation Tax Imposed
Type
E-journal
Date
16 Mar 2016
Jurisdiction
Kuwait
Taxonomy
Corporation Tax
Copyright
LexisNexis
Analysis
Kuwait's Finance Minister Anas Alsaleh has announced the Cabinet has approved the introduction of a 10% corporation tax.
Currently taxes imposed on local and foreign companies vary with most Kuwaiti companies not paying any tax on their income.
The plan will also certain goods and public services including the cost of utilising public lands repriced.
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