The Kuwaiti Cabinet has announced a major fiscal policy reform, approving a draft decree-law to impose a 15% tax on multinational entities. This decision aligns Kuwait with global tax regulations, aiming to enhance revenue retention and curb tax evasion. Additionally, the Cabinet has prioritized infrastructure development and citizenship integrity during its latest meeting.

Kuwait Implements 15% Tax on Multinational Entities

Effective January 1, 2025, multinational corporations operating in Kuwait will be subject to a 15% tax. This measure aligns Kuwait's taxation policies with international standards, ensuring equitable contributions from global entities while strengthening domestic fiscal stability.

This law is part of Kuwait's broader efforts to combat tax evasion and foster a transparent tax environment. By adopting this reform, Kuwait positions itself as a compliant participant in global economic frameworks.

Infrastructure Development Takes Center Stage

During the weekly Cabinet meeting at Bayan Palace, chaired by His Highness the Prime Minister Sheikh Ahmed Al-Abdullah, the government underscored the urgency of advancing infrastructure projects.

Focus on Sewage Treatment Plants

To meet the demands of Kuwait’s expanding residential areas, the Cabinet instructed the Ministry of Public Works to collaborate with the Public Institution for Housing Care. This partnership aims to fast-track contracts for sewage treatment plants, ensuring their timely delivery and operational efficiency.

Such measures reflect Kuwait’s commitment to enhancing living standards and supporting sustainable urban development.

Revocation of Fraudulently Obtained Citizenship

In alignment with Decree Law No. 15 of 1959, the Cabinet reviewed recommendations from the Supreme Committee for the Investigation of Kuwaiti Nationality.

Fraudulent Citizenship Cases

Several cases of Kuwaiti citizenship obtained through fraud or forgery were identified, leading to the revocation of these citizenships. This decision reinforces Kuwait’s dedication to maintaining the integrity of its legal and national frameworks.

Additional Cabinet Discussions

The meeting also addressed various other topics, with several decisions referred to specialized ministerial committees for further deliberation and action.