Kuwait Court of Cassation principle number 505

The provision in Article 12 of Law 19 of 2000 concerning support for the national workforce and encouraging it to work in non-governmental entities, imposing a tax of 2.5% of annual net profits on Kuwaiti companies listed on the Kuwait Stock Exchange. Its meaning: the company is not subject to the tax except from the date on which the elements of the legal status required by the provision are complete through its listing on the Kuwait Stock Exchange. It may not be required to pay this tax before that condition is met. The challenged judgment's adherence to this view. Correct in law. The ground of challenge against it. Unfounded. - 110 - The Law