CURRENT TAX TRENDS:OBGplus
The tax environment in Kuwait and in the rest of the Middle East and North Africa region is different from the rest of the world. Taxation in Kuwait consists primarily of corporate income tax, which is governed by Decree No 3 of 1955 as amended by Law No 2 of 2008. The law does not impose taxes on income earned by individuals, whether they are Kuwaiti or foreign nationals. Kuwaiti financial…