GTL Summary:

This Ministerial Decision No. 29 of 2008 establishes the Executive Bylaws for a tax-related Decree. The Decision details the administrative and compliance obligations for taxpayers. Covering Articles 1 to 48, these bylaws provide specific procedural rules. As exemplified by Article 15, the Decision outlines requirements such as mandatory bookkeeping, including maintaining a General Journal, Stock list, and General Ledger. It also permits incorporated bodies to use electronic accounting systems under certain conditions, ensuring taxpayers maintain auditable records for the Tax Administration. This framework aims to ensure proper documentation and compliance with Kuwaiti law.

Document Type: EB - Executive Bylaws
Law: KIT (Law No. 2 of 2008 amending Decree No. 3 of 1955)
Decision Number: executive-bylaws-29-article-15
Year: 2008
Country: 🇰🇼 Kuwait
Official Name: Article 15
Last updated at: 2026-01-05 08:39:39 UTC

Chapter 5 : Commitments

Third : Book Keeping

Article 15

Every taxpayer subject to provisions of Decree shall keep the accounts supportive documents, and the following books and records :

  1. General Journal.

  2. Stock list.

  3. General Ledger Book.

  4. Expenditure Analyses Book.

  5. Materials Record with details of the amounts received or released, and the authority or project for which the materials are released.

These books or records should be prepared according to the relevant Kuwaiti Law provisions.

Incorporated Bodies shall be permitted to use electronic systems in preparing their accounts on condition that they should cover the required accounting data on the basis of the provision of this Article, provided that the Tax Administration should be provided with a copy of the inputs to the electronic systems about any taxable period whenever requested.

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