The Kuwaiti Cabinet has approved a draft decree-law imposing a 15% tax on multinational entities operating across multiple jurisdictions, aligning with global tax regulations. This law, aimed at curbing tax evasion and ensuring tax revenue retention, will take effect in Kuwait on January 1, 2025.
During its weekly meeting at Bayan Palace, chaired by His Highness the Prime Minister Sheikh Ahmed Al-Abdullah, the Cabinet also emphasized the importance of expediting infrastructure projects. It instructed the Ministry of Public Works, in coordination with the Public Institution for Housing Care, to fast-track contracts for sewage treatment plants serving new and planned residential areas, ensuring timely project completion.
In other matters, the Cabinet approved the minutes of the Supreme Committee for the Investigation of Kuwaiti Nationality. This included decisions to revoke Kuwaiti citizenship from individuals who had obtained it through fraud or forgery, as per the provisions of Decree Law No. 15 of 1959 and its amendments. Several other topics were discussed, with some referred to relevant ministerial committees for further study and action.
Almost one in four applicants for Malta’s golden passport scheme are refused, official data seen by the Times of Malta shows. Around half the refused applications came from Russian nationals while
Press Release from GFSC, Wednesday 21 February, 2024. The Guernsey Financial Services Commission’s (GFSC) updated handbook on Anti-Money Laundering, Countering the Financing of Terrorism, and Countering
On 27 January 2025, the law deriving from draft Bill No. 7961 (“Law“) introducing significant changes to the laws governing the Register of Beneficial Owners (Registre des Bénéficiaires Effectifs
The European Union said on Monday it was taking Britain to the bloc’s top court for infringing rules on the free movement of EU citizens and investment treaties. The two cases brought before the