On 25 July 2016, the Budget and Planning Committee of Egypt's House of Representatives approved the pending income tax treaty with Kuwait. The treaty, signed 16 December 2014, includes the following withholding tax rates:

• Dividends - 5% if the beneficial owner is a company directly holding at least 10% of the paying company's capital; otherwise 10%
• Interest - 10%
• Royalties - 10%

The treaty w…