The recent issue of PwC International Tax News highlights a recent development for taxpayers operating in Kuwait whereby they can retain 100% ownership rights. This is a significant development in the Middle Eastern region signaling the foreign direct investment initiatives elicited by the Kuwaiti administration.
Additionally, the new regime introduces income / customs tax benefits that can be availed of.
Tax and customs tax incentives are of growing importance around the world. MNE’s should have a proactive structure in place that focuses attention on these opportunities. Most importantly, tax and customs should be integrated re: tax disputes and appeals in the future coupled with the initial attraction of tax savings.