The Kuwaiti income tax legislation framework is governed by the following laws:

• Kuwait Decree No. 3/1955 On Kuwait Income Tax.

• Kuwait Law No. 2/2008 Amending Some Provisions of Kuwait Decree No. 3/1955.

• Kuwait Ministerial Decision No. 29/2008 Issuing Executory Regulations for Kuwaiti Income Tax, Kuwait Decree No. 3/1955 as amended, and amended by Kuwait Law No. 2/2008.

• Kuwait Administrative Decision No. 875/2013 The Issuance of the Executive Rules and Instructions of Kuwait Income Tax Decree, Kuwait Decree No. 3/1955 Amended by Kuwait Law No. 2/2008.

These laws describe various income tax requirements with respect to businesses undertaken within Kuwaiti territory. In particular, they include detailed rules regarding the determination of the taxable base for corporate income tax purpose.

There is no personal income tax (PIT) imposed on individuals in Kuwait.

Kuwait does not impose corporate income tax (CIT) on companies wholly owned by the nationals of Kuwait or other Gulf Cooperation Council (GCC) countries. However, GCC companies with foreign ownership are subject to taxation to the extent of the foreign ownership.