Kuwait – UAE Tax Treaty
Kuwait – UAE Tax Treaty
On 14 July 2024, the government of Kuwait ratified the tax treaty signed with the UAE. The treaty aims to improve the business environment by reducing financial barriers for individuals and companies operating in both countries. The treaty is expected to stimulate cross-border investments by providing tax certainty. It incorporates the minimum standards provisions of BEPS MLI to avoid double taxation and non-taxation, prevent treaty abuse, and to resolve tax disputes.
The treaty will enter into force from 1 January 2025 at the earliest (and subject to fulfilling domestic ratification and notification procedures in each country). Businesses operating in the two countries should reassess the tax implications of their existing structures in view of the treaty. Please read our Alert which includes our detailed analysis of the treaty.
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The treaty will enter into force from 1 January 2025 at the earliest (and subject to fulfilling domestic ratification and notification procedures in each country). Businesses operating in the two countries should reassess the tax implications of their existing structures in view of the treaty. Please read our Alert which includes our detailed analysis of the treaty.
Download