Kuwait

Kuwait

Amending the Mechanism for Granting Tax Exemption by Kuwait Direct Investment Promotion Authority

06 Sep 2020

On 6 September 2020, the Decision No. 180 of 2020 Regarding the Amendment of the Mechanism for Granting Tax Exemption by the Kuwait Direct Investment Promotion Authority by Decision No 16 of 2016, as amended by Decision No. 76 of 2018, has been adopted. The Decision, among others: - Amends the condition for calculating the criterion " transfer and settlement of technology", and adds the criterion " sustainable development" to the criteria matrix; - Adds the issues of corporate social responsibility and environmental sustainability programs; and - Requiries a tax exemption report to be submitted no later than 31 December following the end of the taxable period for which the report is submitted.

Nature of measure:
  • Treatment and operation
Type:
  • Promotion and facilitation (Investment incentives)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: