KUWAIT HAS ONE OF THE LOWEST TAX RATES IN THE WORLD

  • 05/07/2021

Kuwait City: Kuwait has the second lowest tax rate in the world. Kuwait will not impose taxes on residents' incomes, according to the Inventive report. The corporate tax rate in Kuwait is 15 percent. Kuwait is blessed with the sixth largest oil reserves in the world. It also has a large reserve of natural gas.


The Kuwaiti dinar is the strongest currency in the world. According to the report, the country is considered to be the fifth richest country in the world with the best economy. The UAE, which does not impose taxes on citizens and companies, is also on the list

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