The amending protocol to the 1997 income and capital tax treaty between Kuwait and Turkey was signed on 14 September 2017. The protocol is the first to amend the treaty and includes the following changes:
- Replaces the title and preamble, including language developed as part of the BEPS project;
- Amends Article 4 (Resident) with respect to an individual resident in Kuwait;
- Amends Article 7 (Business Profits) to remove the restriction on the deduction by a permanent establishment in determining…