Kuwait Signs BEPS Prevention Agreement
Kuwait has joined the Multilateral Convention to Suppress Tax Avoidance and Base Erosion (BEPS-MLI) under Law No. 62 of 2026. This move aims to enhance tax transparency and reduce practices of tax evasion. The convention includes 39 articles designed to address the misuse of tax treaties, organize dispute resolution, and improve implementation mechanisms, ensuring that profits are taxed in the country where economic activity occurs. This accession seeks to strengthen Kuwait’s international compliance and develop its financial environment in accordance with global standards and norms.
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