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Document Type: Tax Law Article
Law: Council of Ministers (Decree-Law no. 157 of 2024)
Article Number: tl-26
Country: 🇰đŸ‡ŧ Kuwait
Location: Chapter 5 - Tax Audit, Assessment and Provisional Seizure
Order: 32

Tax Law: Article 26 - Anti-Tax Avoidance

Article 26 - Anti-Tax Avoidance

Chapter 5 - Tax Audit, Assessment and Provisional Seizure

Article 26 - Anti-Tax Avoidance

The tax effects of any agreement or transaction shall not be recognized if it is proved that its main purpose is represented in tax reduction, deferral, or exemption. Upon conducting the tax assessment, it is important to consider the true commercial or economic significance of the agreement or the transaction.

The executive regulation defines the terms and conditions related to the application of this Article.