Kuwait: Legislation implementing Pillar Two global minimum tax rules
New legislation introduces domestic minimum top-up tax (DMTT) for multinational groups
Decree Law No. 157/2024 introduces a 15% domestic minimum top-up tax (DMTT) on multinational groups with revenues exceeding €750 million, in line with the OECD’s Pillar Two global minimum tax rules.
The regulations for implementation of the law are expected within six months.
Read a January 2025 report prepared by the KPMG member firm in Kuwait