Transfer pricing Kuwait at a glance
|Are there specific transfer pricing regulations?||No|
|Submission deadline upon request||N/A|
|Annual update required||N/A|
|Official language requirements||N/A|
|Potential impact of penalties||N/A|
Kuwait tax law
Rules for transfer pricing in Kuwait do no exist. However, for transfer pricing matters, it is generally preferred that internationally accepted transfer pricing methods are used. This is, however, not a formal requirement.
Accepted methods are:
Rules for transfer pricing do not prescribe any accepted method since there are no transfer pricing regulations in place. However, it is recommended to use internationally accepted methods, like the methods prescribed by the OECD.
Priority of methods
Information that should be included in the documentation:
Requirements to prepare documentation annually
Submission deadline upon request by tax authorities
Advance Pricing Agreements
Advance Pricing Agreements are not available in Kuwait.