KIA recovers over 1mln euros as court annuls ruling – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 31-May-2022
- Source: Arab Times Kuwait
- Sector:Financial Markets
- Country:Middle East
KIA recovers over 1mln euros as court annuls ruling – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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Tax agency’s collection was ‘incorrect’
KUWAIT CITY, May 23: The Kuwait Investment Authority (KIA) recovered an amount more than one million euros that had been withheld by the Spanish authorities as income tax on the profits of the authority, based on a ruling of the National Court in Madrid, which ruled that the Spanish Tax Agency’s collection of these amounts from Kuwait was “incorrect”, and accordingly ordered its return.
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