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Kuwait Introducing General Corporate Income Tax of 15% for All Companies Including Minimum Tax Rules

|Proposed Changes|Kuwait
Kuwait

Kuwait's Ministry of Finance is finalizing a draft law to introduce a general corporate income tax at a rate of 15% on all companies in Kuwait, except those with annual revenue below KWD 1.5 million. The 15% tax will apply to global income earned both within and outside the country. However, a higher rate of 30% will apply to income from businesses carried out in the "divided zone", with a prov…

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