Tax

Kuwait, Egypt Sign DTA

Devina Shah London 10 January 2011

Kuwait, Egypt Sign DTA

Kuwait and Egypt have signed a bilateral agreement on double taxation, updating a previous DTA signed in May 2006.

The agreement was signed by the director of the tax policy and planning department at the Kuwait Ministry of Finance, Hamed Hamad Al-Nasser, and the Egyptian undersecretary of the Ministry of Finance, Dr Mustafa Mahmoud Abdulqader.

The new DTA will bring both countries’ bilateral tax relations in line with the OECD model.

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