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حقوق::
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Kuwait has no special tax laws or regulations governing petroleum activities and there are no special articles governing oil and gas in the Kuwaiti Income Tax Law except for the compliance requirement of companies operating in the Partitioned Neutral Zone (PNZ) which is governed under a separate Law No. 23 of 1961.
The Partitioned Neutral Zone (PNZ) governed by Law No. 23 of 1961
The PNZ is an area between the border of Saudi Arabia and Kuwait which was undefined when the border was originally established.
When oil was discovered in the PNZ negotiations commenced and an agreement was ratified in 1970 which partitioned the area.
In practice a foreign company operating in the PNZ is considered to be taxable in accordance with Law No. 23 of 1961 whereby the tax liability is computed as follows:
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