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Kuwait to Extend Corporate Tax to All Entities

|Proposed Changes|Kuwait
Kuwait

The Kuwaiti government is reportedly planning to extend corporate income tax to all entities in Kuwait, with an exemption for small enterprises. Currently, Kuwait's 15% corporate income tax is only imposed on entities with foreign ownership. The extension of corporate income tax to all entities is in response to the Pillar 2 global minimum tax and would be implemented in phases beginning in 202…

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