How is crypto taxed in Kuwait?

There is no crypto tax for individuals in Kuwait, because Kuwait has no personal income tax at all. As of October 2026, though, the more important rule is that Kuwait's regulators prohibit using crypto for payments, investing in it and mining it, so most crypto activity in the country is not lawful to begin with.

Is there crypto tax in Kuwait?

Not for individuals. PwC lists Kuwait's personal income tax rate as not applicable, meaning the tax does not exist. Kuwait also has no VAT in force, though PwC notes one is planned. A resident's salary, savings and investment gains are not taxed by Kuwait, and nothing in Kuwaiti tax law sets out a separate crypto tax.

This does not settle the position for foreign nationals living in Kuwait. Some countries tax their citizens or residents on worldwide income, so crypto gains may still be taxable at home. Examples are in crypto tax around the world.

How are companies taxed in Kuwait?

Kuwait taxes some businesses. According to PwC, foreign corporate bodies doing business in Kuwait pay a flat 15% income tax on their profits and capital gains. Companies wholly owned by Kuwaiti or GCC nationals are not subject to that tax, though Kuwaiti shareholding companies pay other levies, such as 1% zakat and a 1% contribution to the Kuwait Foundation for the Advancement of Sciences.

Since January 1, 2025, large multinational groups with global revenue of at least EUR 750 million also fall under a domestic minimum top-up tax. These rules apply to business profits in general and do not single out crypto.

Is cryptocurrency legal in Kuwait?

No, in practice. In July 2023, the Capital Markets Authority issued rules that deem virtual assets illegal, with matching circulars from the Central Bank of Kuwait, the Ministry of Commerce and Industry and the insurance regulator, Gulf Business reported. The rules impose an absolute ban on using digital currencies for payments, forbid dealing in them as an investment and ban crypto mining. Securities regulated by the central bank and the CMA are excluded. The stated aim is anti-money laundering compliance.

Enforcement has focused on mining. In April 2025 the Ministry of Interior warned that electricity data had flagged more than 1,000 sites that might be mining, called mining an unlicensed activity and threatened prosecution, according to Decrypt. More detail is in is crypto legal in Kuwait and is crypto mining legal.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.