Kuwait and Egypt have made a bilateral agreement on double taxation, and this was signed by Director of the Tax Policy and Planning Department at the Kuwait Ministry of Finance, Hamed Hamad Al-Nasser, and the Egyptian Undersecretary of the Ministry of Finance and Chief of the Central Administration for International Agreements, Dr Mustafa Mahmoud Abdulqader.
This agreement is considered a full amendment of all the items of the previous agreement, which came into force on May 2, 2006 in view of the updated tax laws in both countries. The new agreement includes tax exemptions and breaks on investments and businesses whether in Kuwait or Egypt, and does away with financial obstacles that may restrict the movement of trade through avoiding double taxation on money or individuals.
This agreement is considered a full amendment of all the items of the previous agreement, which came into force on May 2, 2006 in view of the updated tax laws in both countries. The new agreement includes tax exemptions and breaks on investments and businesses whether in Kuwait or Egypt, and does away with financial obstacles that may restrict the movement of trade through avoiding double taxation on money or individuals.
