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Tax Treaty between Kuwait and Lithuania has Entered into Force

20 November 2017

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Treaty Development

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Kuwait-Lithuania

According to an announcement published in Lithuania's Official Gazette, the income tax treaty with Kuwait entered into force on 8 September 2017. The treaty, signed 18 April 2013, is the first of its kind between the two countries. Taxes Covered The treaty covers Kuwaiti corporate income tax, the contribution from the net profits of the Kuwaiti shareholding companies payable to the Kuwait Foundation for Advancement of Science (KFAS), the Zakat, and the tax subjected according to the supporting of national employee law. It covers Lithuanian profit tax and income tax. Service PE The treaty includes the provision that a permanent...