The government of Kuwait has imposed corporate tax under Kuwait Decree No. 3/1955 on Kuwait Income Tax, as amended by Kuwait Law No. 2/2008, at a flat rate of 15%. Kuwait Decree No. 3/1955 provides for some amended provisions making any foreign entity carrying on trade or business in Kuwait, except the ones already registered in any other part of GCC, obliged to pay such corporate tax in the prescribed manner.

• GCC: Gulf Cooperation Council.

• DIT: Department of Income Tax.