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29 January 2016

Kuwait investment authority clarifies means and conditions for tax exemption of investments

Kuwait Direct Investment Promotion Authority (KDIPA) issued a resolution on January 27, clarifying the mechanism and the conditions to be satisfied by the investment entity for obtaining the tax exemption on the total investment value in Kuwait. It is important for every investment entity to carry out due diligence prior to investing into Kuwait and to also understand the detailed requirements and process to be followed (including appointing an authorized auditor) in order to qualify and benefit from the investment license and potential tax incentives in Kuwait, approved by the KDIPA.

A Tax Alert prepared by Ernst & Young Kuwait, and attached below, provides additional details.

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Document ID: 2016-0202

 

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