The Kuwaiti government approved a draft law yesterday, Tuesday, December 24, that will impose a 15% tax on multinational companies that operate in more than one country or state.
Publish dateThursday 26 December 2024 - 10:10
According to Amac News: The decision was made during the weekly cabinet meeting held at Bayan Palace under the chairmanship of Kuwaiti Prime Minister Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah.
The law, which is in line with global tax standards, aims to reduce tax evasion and prevent tax revenues from being sent to other countries.
According to a statement issued after the meeting by Deputy Prime Minister and Minister of State for Cabinet Affairs, Sherida Al-Moserchi, the law will come into effect on January 1, 2025.
The law, which is in line with global tax standards, aims to reduce tax evasion and prevent tax revenues from being sent to other countries.
According to a statement issued after the meeting by Deputy Prime Minister and Minister of State for Cabinet Affairs, Sherida Al-Moserchi, the law will come into effect on January 1, 2025.
amacnews.com/vdch.wnit23nxv10d2.html
Source : news agency wam
Most viewed
