The Preamble to Kuwait's Decree-Law No. 157 of 2024 establishes the legal foundation for the new tax law on Multinational Entities (MNEs). It formally anchors the legislation by referencing a comprehensive list of existing national laws and decrees, including the Constitution, the original Kuwaiti Income Tax Decree, the Penal Code, and various commercial and financial regulations. It also cites laws related to international tax agreements, such as FATCA and information exchange protocols. The preamble confirms that the decree-law was issued based on the proposal of the Minister of Finance and with the approval of the Council of Ministers.