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Kuwait Introduces New Tax Regulations for Multinationals, Anticipating $819 Million in Annual Revenue
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Kuwait Introduces New Tax Regulations for Multinationals

Kuwait has announced new executive regulations for its tax on multinational entities, expecting the new levy to generate 250 million Kuwaiti dinars (approximately $819 million) in annual revenue. The Ministry of Finance stated that these regulations provide clarity on the introduction of a supplementary domestic minimum tax (DMTT) within the framework of the multinational entities...