On 27 January 2015, the Kuwait National Assembly approved the pending income tax treaty with Lithuania. The treaty was ratified by Lithuania 27 march 2014. It was signed 18 April 2013, and is the first of its kind between the two countries.
Taxes Covered
The treaty covers Lithuanian profit tax and income tax, and the following Kuwaiti taxes:
- Corporate income tax,
- The contribution from the net profits of the Kuwaiti shareholding companies payable to the Kuwait Foundation for Advancement of…