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Update - Tax Treaty between Bangladesh and Kuwait

02 February 2015

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Treaty Development

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Bangladesh-Kuwait

The income tax treaty between Bangladesh and Kuwait was signed 19 February 2014. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Bangladesh income tax, and 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, and The tax subjected according to the supporting of national employee law Withholding Tax Rates Dividends - 5% if the beneficial owner is a company which owns at least 3% of the shares of the paying...