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UAE and Kuwait Sign Double Tax Treaty
Kuwait City September 4, 2022:
Kuwait and the United Arab Emirates (UAE) have recently signed a treaty for the avoidance of double taxation, as announced by the the Kuwait Ministry of Finance on Twitter.
This is the first tax treaty that Kuwait has signed with a Gulf Cooperation Council member state. The objectives of the tax treaty are to expedite cooperation in tax matters, strengthen ties between the two countries and unite the economic and investment partnerships in the region.
This move is in line with the efforts of both countries to grow commercial trading, boost investment opportunities, enhance development goals and also provide full protection of goods and services exchanged in both the countries.