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Tax Laws
The general rule is that individuals (Kuwaiti or foreign nationals)
and Kuwaiti companies are not subject to taxes on income. There
are various proposals before the parliament regarding taxation that
would affect Kuwaitis, some of these include proposals for imposition
of "Zakat" which is levied on income according to the Islamic Sharia
principles. However, a foreign corporate body engaged in commercial
activities in Kuwait is subject to income tax. The tax rates range
from 5% to 55%. These rates are applied progressively to income
brackets. |
