Kuwait does not levy personal income tax on individuals nor income tax on Kuwaiti-owned companies. Instead, taxation is limited to foreign corporate profits, Zakat, and national labour support tax, none of which require routine exchange of resident taxpayer data.

However, Kuwait is a participant in the international financial transparency system, especially regarding foreign taxpayers holding financial assets in Kuwait. Kuwait Decree-Law No. 6/2024 On the Exchange of Information for Tax Purposes establishes the domestic legal gateway for cross-border exchange of financial information to support foreign tax authorities under international agreements.

The purpose of Kuwait Decree-Law No. 6/2024 is not revenue collection inside Kuwait.

Instead, Kuwait aims to:

• Maintain global market access for its financial sector.

• Align with transparency standards of the Organisation for Economic Co-operation and Development (OECD).

• Prevent misuse of Kuwaiti financial institutions for tax evasion abroad.

• Avoid negative global forum compliance ratings that could limit cross-border banking

These goals reflect Kuwait’s position as a financial hub with international investment inflows.

• Primary instrument: Kuwait Decree-Law No. 6/2024 issued on 8 July 2024.