Latest Treaty Updates: Kuwait

Treaty Update: Kuwait - India


According to preliminary media reports, Kuwait and India signed a DTA Protocol on January 14.

Treaty Update: Brunei - Kuwait


Brunei and Kuwait signed a DTA Protocol on October 11, 2016.

Treaty Update: Iraq - Kuwait


Iraq's Cabinet has approved the launch of negotiations towards a DTA with Kuwait, according to a statement released on April 2, 2015.

Treaty Update: Iraq - Kuwait


According to preliminary media reports, Iraq's Cabinet on March 31, 2015, approved the negotiation and signing of a DTA with Kuwait.

Treaty Update: Kuwait - Cuba


According to preliminary media reports, Kuwait and Cuba signed a DTA on April 8, 2014.

Treaty Update: Kuwait - Bangladesh


According to preliminary media reports, Kuwait and Bangladesh signed a DTA on February 19, 2014.

Treaty Update: Tajikistan - Kuwait


Tajikistan's lower house of parliament on November 13, 2013, endorsed the DTA signed with Kuwait.

Treaty Update: Hong Kong - Kuwait


The DTA signed between Hong Kong and Kuwait entered into force on July 24, 2013.

Treaty Update: Kuwait - Tajikistan


Kuwait and Tajikistan signed a DTA on June 23, 2013.

Treaty Update: Kuwait - Macedonia


According to preliminary media reports, the DTA signed between Kuwait and Macedonia was endorsed by the Kuwait National Assembly on June 13, 2013.

Treaty Update: Spain - Kuwait


The DTA signed between Kuwait and Spain on May 26, 2008, is to enter into force on July 19, 2013.

Treaty Update: Kuwait - Japan


Japan and Kuwait exchanged diplomatic notes on May 15, 2013, to complete their ratification procedures in respect of the DTA signed on February 17, 2010.

Treaty Update: Kuwait - Lithuania


Kuwait and Lithuania signed a DTA on April 18, 2013, the Kuwaiti Ministry of Finance has announced.

Treaty Update: Kuwait - Macedonia


According to preliminary media reports, the Foreign Affairs Committee of Kuwait's National Assembly approved a DTA signed with Macedonia on April 15, 2013, as part of the nation's domestic ratification procedure.

Treaty Update: Bangladesh - Kuwait


Bangladesh's Cabinet on November 14, 2012, approved a draft DTA with Kuwait.

Treaty Update: Kuwait - Slovakia


Kuwait's state news broadcaster has confirmed that the nation signed a DTA with Slovakia on November 14, 2012.

Treaty Update: Macedonia - Kuwait


Macedonia and Kuwait initialled a DTA on March 20, 2012.

Treaty Update: Ireland - Kuwait


The DTA was signed on November 23, 2010. In Kuwait, the DTA applies to corporate income tax, the contribution from the net profits of the Kuwaiti shareholding companies payable to the Kuwait Foundation for Advancement of Science, the Zakat, and the tax subjected according to the supporting of national employee law. In Ireland the DTA applies to income tax, income levy, corporation tax and capital gains tax. It provides permanent establishment rules, business profits rules, and income from immovable property rules, and for the elimination of double taxation and the exchange of information.. Dividends and interest are exempt from withholding tax. Royalties are charged at a maximum of 5%.

Treaty Updates by Territory

Latest News

Mexico Praised For Tax Transparency 19/8/2014
Mexico was the only country to be rated fully compliant with international tax transparency standards out of ten jurisdictions that were issued ratings by the Organisation for Economic Cooperation and Development on August 8, 2014.

Read full story

OECD Releases New Peer Review Reports 6/8/2014
On August 4, 2014, the Organization for Economic Cooperation and Development's Global Forum on Transparency and Exchange of Information for Tax Purpose published peer review reports and compliance ratings for a new batch of jurisdictions.

Read full story

Andorra's Marti Rules Out Taxes On Wealth And Inheritances 24/6/2014
Andorran Prime Minister Antoni Marti has made clear that the Government has no plans to introduce a tax on wealth or inheritances.

Read full story

Hollande Praises Andorran Tax And Economic Reforms 18/6/2014
French President and Co-Prince of Andorra François Hollande praised the Andorran Government's decision to open up the nation's economy and reform the tax system in the wake of the financial crisis during a recent visit to the Principality.

Read full story

Andorra Credit Outlook Negative Despite Fiscal Reforms 17/4/2014
Despite an ongoing reform of the Andorran tax structure and efforts to diversify the economy, international ratings agency Standard and Poor's has attached a negative outlook to Andorra's A-/A-2 long- and short-term sovereign credit ratings.

Read full story

Switzerland Revives DTA With Argentina 21/3/2014
Switzerland and Argentina have recently signed a new agreement for the avoidance of double taxation with respect to taxes on income and on capital.

Read full story

Andorra Firms Up IRPF Income Tax Plans 11/7/2013
Andorran Finance Minister Jordi Cinca has provided further clarification on provisions contained in the Government's bill, providing for the introduction of a tax on individual income in Andorra.

Read full story

Andorra, EU Initiate Savings Tax Talks 4/7/2013
Andorran Prime Minister Antoni Marti has held talks with European Tax Commissioner Algirdas Šemeta, with the discussions focusing on the adopted mandate of the European Council of Ministers regarding negotiations with third countries on extending the savings tax directive, to close loopholes.

Read full story

Andorra Seeks More DTAs 19/10/2012
In addition to ongoing negotiations with France, Andorra has opened negotiations with Belgium and Switzerland towards double tax agreements.

Read full story

France, Andorra May Reach Comprehensive DTA 2/8/2012
A meeting between French President François Hollande, President of the Andorran parliament Vicenç Mateu Zamora and Head of the Andorran Government Antoni Marti at the Elysée Palace in Paris, discussed a new comprehensive DTA between France and Andorra.

Read full story

Colombia, Portugal Sign DTA 6/9/2010
A double taxation agreement signed between Colombia and Portugal adds to those already concluded by Colombia with Spain, Switzerland, Chile, Canada, Mexico and South Korea.

Read full story

Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

Read full story

NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

Read full story

Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

Read full story

Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

Read full story

UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

Read full story

BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

Read full story

Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

Read full story

UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

Read full story

Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

Read full story

Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

Read full story

IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

Read full story

Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

Read full story

Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

Read full story

OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

Read full story