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Document Type: BL - Bylaws
Law: KIT (Law No. 2 of 2008 amending Decree No. 3 of 1955)
Decision Number: 29-article-23
Year: 2008
Country: 🇰đŸ‡ŧ Kuwait
Official Name: Article 23

Ministerial Decision No. 29 of 2008 [Executive Bylaws]

Article 23

Chapter 6 : Tax Assessment Methods and Procedures

Article 23

In case the taxpayer stops practicing taxable activity, the tax shall be imposed on income until the date of ceasing activity.

Assigning an entity or activity or part of them shall be considered as ceasing thereof. The taxpayer as an assignor or assignee shall be held as jointly responsible for the tax debt payable for the incorporated body from the beginning of the taxable period until the date of assignment.