GTL Summary:

This Decision enacts the Executive Bylaws, detailing the procedural and administrative rules for tax compliance. The summary is based on Article 46, as provided in the text. This Decision covers Articles 1 to 48 of the Executive Bylaws. It establishes tax clearance obligations, prohibiting the export of business assets from Kuwait without a certificate from the Tax Administration. It also mandates that investment companies and banks deduct and remit due income tax for incorporated bodies within 30 days, ensuring tax obligations are met before funds are released, thereby regulating tax collection and asset movement.

Document Type: EB - Executive Bylaws
Law: KIT (Law No. 2 of 2008 amending Decree No. 3 of 1955)
Decision Number: executive-bylaws-29-article-46
Year: 2008
Country: 🇰🇼 Kuwait
Official Name: Article 46
Last updated at: 2026-01-05 08:39:39 UTC

Chapter 12 : General Provisions

Article 46

Any instruments, equipment, machines and any other materials imported from abroad or acquired in the State of Kuwait for the purposes of business then used in the State of Kuwait commercially by the incorporated body may not be exported or re-exported unless a certificate issued by the Tax Administration is submitted to verify its clearance of tax dues, also, investment companies and banks managing portfolios and funds or holding shares for third parties may not release the dues of the Incorporated Bodies unless due income tax is deducted, and they shall remits the due tax to the Tax Administration within 30 days as of the date of deduction together with a statement listing all the Incorporated Bodies and each deducted tax.

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