According to news, the Kuwaiti government is studying a proposal to issue tax legislation while abolishing the current tax laws which calls for comprehensive tax legislation under the name “Business Profits Tax Law” that imposes a tax estimated at 15 percent on the profits of all legal persons, including major international companies.
The sources said that the first phase of tax implementation begins on January 1, 2025, and will be applicable to major international companies (multinationals) while the current tax laws continue to apply. The second phase begins January 1, 2026, and includes comprehensive application to all legal persons, with the abolition of current tax laws.
