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Home > Kuwait > Taxation Law

Taxation Law Kuwait

TAXATION LAW IN KUWAIT

The Law Firm of Labeed Abdal

Kuwait has two main tax laws to its credit. These are:-

Amiri Decree No.3 of 1955 which are for the companies carrying on trade or business in Kuwait except those covered by Law No. 23 of 1961. The tax rates under this Law is 5% on taxable income in excess of US $ 18,000 to 55% on taxable income in excess of US $ 1,285,000. The Amiri Decree provides that all corporate bodies carrying on business in Kuwait should pay tax on the profits earned from such operations. However, no tax is currently being imposed on Kuwaiti companies wholly owned by Kuwaiti Nationals and companies incorporated in the GCC wholly owned by the GCC nationals. Kuwaiti companies incorporated outside Kuwait including GCC are considered subject to tax in Kuwait. There is no taxation on individuals.
Law No. 23 of 1961 which are applicable for the companies carrying on trade or business in the offshore neutral zone between Kuwait and Saudi Arabia, islands of Kubr, Qaru, and Umm Al Maradim.
The tax rates under this Law is 20% if taxable income is up to US$ 1,710,000 and 57% if income exceeds US $ 1,710,000.

Enforcement of Tax Laws

The most effective way for implementing the tax law is the Ministerial Order 44 of 1985(M.O. 44).

Tax Treaties

Kuwait has entered into tax treaties with several countries such as UK, Germany, Italy, Netherlands, Switzerland etc. USA has not entered into a Tax Treaty with Kuwait so far.

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