GTL Summary:

Ministerial Decision No. 55 of 2025 establishes Kuwait's DMTT framework under Decree-Law No. 157 of 2024. Article 67 outlines the specific administrative compliance procedures required when an Ultimate Parent Entity (UPE) of a Multinational Enterprise Group changes its financial year. It mandates that the Domestic Constituent Entity (DCE) must formally notify the Tax Administration of this change. The notification must include reasons and supporting documents and must be submitted either before the new financial year begins or within 60 days of a mid-year change.

Document Type: ERS - Executive Regulations
Law: QDMTT Law (Decree-Law no. 157 of 2024)
Decision Number: executive-regulations-55-article-67
Year: 2025
Country: 🇰🇼 Kuwait
Official Name: Article 67 - Change of Financial Year
Last updated at: 2026-02-23 12:13:40 UTC

CHAPTER 9 - TAX PERIOD

Article 67 - Change of Financial Year

In a situation where the UPE changes its Financial Year, the DCE must notify the Tax Administration of the change before the start of the new Financial Year. If the change occurs mid-year, the notification must be made within 60 days from the date of the change.

In all cases, the notice must include the reasons for the change of the Financial Year and be supported with the relevant documentation. The Tax Administration should verify the accuracy of the notice and documents and should inform the DCE with the approval of the new Tax Period within 60 days of receiving the notification satisfying the data and document requirements.

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