Kuwait Takes Additional Steps In Tackling Base Erosion And Profit Shifting (BEPS) And Enhancing Tax

According to the below listed updates from the OECD dated 25 June 2026, Kuwait has signed the following agreements:
 
  1. Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA). CbC reporting typically applies to MNE Groups with annual consolidated group revenue of EUR 750 million or more (or equivalent in domestic currency) in the previous fiscal year.  For the latest list of signatories: Signatories of the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports
 
  1. Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account information (commonly known as CRS 2.0).  CRS 2.0 expands the definition of financial institutions as well as the scope of reportable accounts and reportable information. Certain E-Money products, Central Bank Digital Currencies and any interest in a Relevant Cyrpto-Asset are now in-scope.  For the latest list of signatories: Signatories of the Addendum to the CRS Multilateral Competent Authority Agreement

The next step is for Kuwait to develop the domestic legal and administrative framework.
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