This memorandum outlines Kuwait's adoption of the OECD's Pillar Two international tax reform to address profit shifting by Multinational Entities (MNEs). Having joined the BEPS framework, Kuwait plans to implement a global minimum top-up tax by 1 January 2025 to prevent significant tax revenue leakage to jurisdictions that have already adopted these rules. The draft decree-law contains five articles covering the effective date, registration, legal precedence, and ministerial powers. The accompanying MNE tax law consists of 41 articles across 8 chapters, detailing definitions, scope, tax calculation, taxpayer obligations, auditing procedures, penalties, and tax evasion.