Latest news with #GloBEModelRules
Kuwait Times
6 days ago
- Business
- Kuwait Times
Kuwait Amir receives Saudi Crown Prince's invite to 2025 FII9 conf.
KUWAIT: Kuwait's recent enactment of Law 157/2024, alongside its executive regulations, has set the stage for a new era of corporate taxation. This legislation, which implements the BEPS Pillar Two initiative and the GloBE Model Rules, is built up... By Tuba Nur Sonmez Nine years ago, on the night of July 15, 2016, the people of Türkiye witnessed a betrayal that tested not only the strength of their institutions but the very soul of their nation. It was a night when tanks blocked roads, helicop...
Kuwait Times
6 days ago
- Business
- Kuwait Times
population reaches 5.098,539
KUWAIT: Kuwait's recent enactment of Law 157/2024, alongside its executive regulations, has set the stage for a new era of corporate taxation. This legislation, which implements the BEPS Pillar Two initiative and the GloBE Model Rules, is built up... By Tuba Nur Sonmez Nine years ago, on the night of July 15, 2016, the people of Türkiye witnessed a betrayal that tested not only the strength of their institutions but the very soul of their nation. It was a night when tanks blocked roads, helicop...
Kuwait Times
7 days ago
- Business
- Kuwait Times
PM receives Indian Ambassador
KUWAIT: Kuwait's recent enactment of Law 157/2024, alongside its executive regulations, has set the stage for a new era of corporate taxation. This legislation, which implements the BEPS Pillar Two initiative and the GloBE Model Rules, is built up... By Tuba Nur Sonmez Nine years ago, on the night of July 15, 2016, the people of Türkiye witnessed a betrayal that tested not only the strength of their institutions but the very soul of their nation. It was a night when tanks blocked roads, helicop...
Kuwait Times
21-07-2025
- Business
- Kuwait Times
PM welcomes Egyptian Deputy Prime Minister
KUWAIT: Kuwait's recent enactment of Law 157/2024, alongside its executive regulations, has set the stage for a new era of corporate taxation. This legislation, which implements the BEPS Pillar Two initiative and the GloBE Model Rules, is built up... By Tuba Nur Sonmez Nine years ago, on the night of July 15, 2016, the people of Türkiye witnessed a betrayal that tested not only the strength of their institutions but the very soul of their nation. It was a night when tanks blocked roads, helicop...
CairoScene
05-05-2025
- Business
- CairoScene
Ministry of Finance Sets Domestic Tax for Multinational Enterprises
As a transitional measure, some newly established MNE groups will not be subject to the tax in their initial phase. Feb 09, 2025 The Ministry of Finance has introduced the Domestic Minimum Top-up Tax (DMTT), a new measure aligned with the OECD's global tax framework. The tax applies to multinational enterprises (MNEs) operating in the UAE with annual global revenues of USD 775 million or more in at least two of the past four financial years. The DMTT aims to ensure compliance with international tax standards while maintaining the UAE's appeal as an investment hub. It includes a Substance-Based Income Exclusion, reducing taxable income based on payroll and tangible asset values. Certain entities, such as investment firms and businesses meeting de minimis criteria, will be exempt. As a transitional measure, newly established MNE groups will not be subject to the tax in their initial phase, provided they are not controlled by a parent entity subject to a Qualified Income Inclusion Rule in another jurisdiction. The policy follows the OECD's GloBE Model Rules, with further guidance outlined in Cabinet Decision No. 142 of 2024.
