Entry into Force of the Convention between Japan and the State of Kuwait for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income

May 16, 2013
Japanese

    1. The Exchange of Notes for the entry into force of "The Convention between Japan and the State of Kuwait for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income" (signed on February 17, 2010) took place in Kuwait on Wednesday, May 15. The Convention will enter into force on Friday, June 14, 2013.
    2. This Convention adjusts the taxation rights between Japan and the State of Kuwait to avoid international double taxation arising from economic and human exchanges. Reflecting the strengthened economic relations between Japan and the State of Kuwait, and to promote mutual investments, this Convention clarifies the limit of withholding tax rates imposed on dividends, interest and royalties.
    3. It is expected that the Convention will further strengthen the economic relations and human exchanges between the two countries, and contribute to the prevention of fiscal evasion.

* The foregoing is a provisional translation. The date indicated above denotes the date of issue of the original press release in Japanese.