Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Kuwait

Assembly Committee Backs Tax Cut For Foreign Firms In Kuwait

The finance and economic affairs committee of Kuwaits National Assembly on 26 June backed a government proposal to cut corporate tax for foreign firms operating in the country from 25% to 10%, Kuwait News Agency (KUNA) reported. The proposal awaits full parliamentary approval before going into law. The chairman of the committee, Abd al-Wahab al-Harun, said after the meeting...