Ministry Directs Banks to Report Violators of International Tax Agreements – Arab Times Kuwait News
- Date: 25-Jun-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Ministry Directs Banks to Report Violators of International Tax Agreements – Arab Times Kuwait News
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KUWAIT CITY, June 24: According to informed sources, the Ministry of Finance has notified banks that they must inform the Central Bank of Kuwait, the Capital Markets Authority (CMA) and the Insurance Regulatory Unit about their clients who are not cooperating in applying international agreements related to the exchange of information for tax purposes. Appropriate legal measures will be taken by the supervisory authorities against the financial institutions concerned with the implementation of these agreements, reports Al-Rai daily.
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