Officials from Egypt and Kuwait signed an income tax treaty on 16 December 2014 in Kuwait City. The treaty will enter into force after both countries exchange ratification instruments. Once in force and effective, The revised agreement will replace the current treaty between the two countries that was signed 16 February 2004, and has been effective since 1 January 2007. Under the terms of the treaty, dividend distributions will be taxed at 5% of their value if the beneficial owner holds at least 10% of the paying company’s capital (currently the rate is 10% for all ownership levels). Royalties will...