By way of Ministerial Order No. 875 of 2013, the Kuwaiti Tax Authorities (KTA) issued 59 executive tax rules clarifying the provisions of the Income Tax Decree No. 3 of 1955, as amended by Law No. 2 of 2008, and its Executive Regulations (ER). The main tax rules, which generally apply to financial years ending on or after 31 December 2013, are summarized below.

(a) Notification of contr…