Japan, Kuwait Strengthen Economic Ties with DTA

Japan has signed a double taxation agreement (DTA) with Kuwait that would remove barriers to trade and investment, facilitating greater economic relations, reports Tax-News.com, citing the Japanese Ministry of Finance.

 

According to the tax news portal, the DTA adjusts the taxation rights between Japan and Kuwait to avoid international double taxation arising from economic and human exchanges. The DTA also clarifies the limit of withholding tax rates imposed on dividends, interest and royalties (copyrights, patents and others), to promote mutual investments.

 

The DTA will be approved in accordance with the legal procedures of each of the countries, and shall enter into force on the 13th day after approval.
 

Read more on

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern