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 contracts, agreements and dealings with taxable companies
Under article 16 of the ER, Ministries, authori…