GTL Summary:

Article 17 of Decree-Law No. 157 of 2024 establishes the tax period for the Qualified Domestic Minimum Top-Up Tax (QDMTT). The standard tax period is defined as twelve months, aligning with the fiscal year of the taxpayer's Ultimate Parent Entity (UPE). A key compliance requirement is that the UPE must notify the Kuwait Tax Department of its fiscal year. In the absence of such notification, the tax period defaults to the standard calendar year. The Article provides flexibility, allowing a taxpayer to request a change to their tax period, subject to terms and conditions set by forthcoming executive regulations.

Document Type: Tax Law Article
Law: QDMTT Law (Decree-Law no. 157 of 2024)
Article Number: tl-17
Country: 🇰🇼 Kuwait
Location: Chapter 3 - Tax Imposition and Entitlement
Order: 23
Last updated at: 2025-12-26 14:13:52 UTC

Chapter 3 - Tax Imposition and Entitlement ^[G1]

Article 17 - Tax Period

The tax period is set to be twelve months as per the fiscal year of the taxpayer's ultimate parent entity who should notify the Tax Department with the same. Otherwise, the calendar year shall be considered as a tax period for the taxpayer.

The Tax Department may allow the taxpayer to change the tax period based on his request in accordance with terms and conditions set by the executive regulations.

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