Base Erosion and Profit Shifting Framework (BEPS)

In compliance with the international conventions, the State of Kuwait has signed, on 7th of June 2017, a multilateral agreement to implement the procedures relating to Base Erosion and Profit Shifting Framework (BEPS).

Worth mentioning that Base Erosion and Profit Shifting (BEPS) refers to an international law that aims at combating tax evasion and ensures that countries collect their due taxes from all the companies working in the country as some companies tend to establish fake headquarters in the countries that are classified as “Tax Haven” with the aim of Base Erosion and Profit Shifting.

Baker Tilly Kuwait assists you comply with laws, regulations, resolutions and instructions issued by the regulators as well as enhancing the sound tax planning to avoid multiple taxation in several jurisdictions through:

• Attestation of BEPS Compliance Reports as required by the relevant authorities.


• Experts with an in-depth experience in the Tax Compliance consulting domain;


• Our commitment to on time delivery with quality deliverable and implementation.

New Companies Law Decree 25/2012, as Amended by Law 97/2013

In December 2012, the Companies Law Decree No. 25 of 2012 has been promulgated in Kuwait. Later on, Law No. 97 of 2013 amending certain articles of Law Decree No. 25 has been promulgated.

The Companies Law Decree No. 25 of 2012, as amended by Law No. 97 of 2013, has replaced the Commercial Companies Law No. 15 of 1960. The old Law, enacted nearly 33 years ago, has been surpassed by the corporate organizational needs; became an obstacle in the management of business activities; and became irreconcilable with the newly established regulatory bodies such as the Capital Markets Authority (CMA).

The new Companies Law came to meet the aspirations of doing business in Kuwait and may be considered as a significant leap towards transforming Kuwait into a regional financial center.

With regard to the reconciliation grace period granted to companies to reconcile their conditions to accord with the New Companies Law, which expires on 28 May 2013, there is a tendency to extend the deadline thereof to be 6 months from the date of issuance of the Executive Regulations of the Companies Law No. 25 of 2012.