AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF BELARUS AND GOVERNMENT OF THE STATE OF KUWAIT

of July 10, 2001

About avoidance of double taxation and prevention of tax avoidance concerning taxes on the income and the capital

Government of the Republic of Belarus and Government of the State of Kuwait,

wishing to promote development of mutual commercial ties by the conclusion of the Agreement between them on avoidance of double taxation and prevention of tax avoidance concerning taxes on the income and the capital,

agreed as follows:

Article 1. Persons to whom this agreement is applied

This agreement is applied to persons which are residents of one or both Contracting States.

Article 2. Taxes to which the Agreement extends

1. This agreement is applied to the taxes on the income and the capital levied on behalf of the Contracting State or regional authorities irrespective of method of their collection.

2. All taxes levied from the total amount of the income, total amount of the capital or from elements of the income or the capital including taxes on the income from alienation of personal or real estate, taxes on the total amount of the salary paid by the companies and also capital gain taxes are considered as taxes on the income and the capital.

3. The existing taxes to which this agreement extends are, in particular:

a) in case of Kuwait:

(1) corporate income tax;

(2) contributions from net profit of joint stock companies of Kuwait to the Kuwaiti fund of assistance to science (KFAS);

(3) decline (Zakat);

(4) the tax paid according to support of the national law about working on hiring

(further the referred to as "Kuwaiti tax");

b) in case of Belarus:

(1) tax on the income and profit;

(2) the income tax from physical persons;

(3) real estate tax

(further the referred to as "Belarusian tax").

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info