The pending income and capital tax treaty between Kuwait and Nigeria was signed 23 March 2011. The treaty is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged. Taxes Covered The treaty covers the following Kuwaiti taxes: 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 The tax subjected according to the supporting of national employee law It covers the following Nigerian taxes: Personal income tax Companies income tax Petroleum profit tax...