The Kuwaiti Council of Ministers on July 8 issued a decree approving for ratification the income and capital tax treaty with the United Arab Emirates, according to information published on Kuwait's online legal portal. The treaty was signed February 11 in Dubai. It stipulates that dividends and interest are taxable only in the beneficial owner's state of residence, while royalties and fees for technical services are taxable at a top rate of 10 percent. Both countries generally use the credit method to eliminate double taxation. This is the first agreement of its kind between the two countries. It will enter...