World Economy

Kuwait Mulls 5% Tax on Expats’ Remittances

Kuwait Mulls 5% Tax on Expats’ RemittancesKuwait Mulls 5% Tax on Expats’ Remittances

The Kuwaiti government is planning to impose tax on expats’ remittances and companies besides privatization of healthcare and education sector, TradeArabia quoted a report by Kuwait Times as saying. A special ministerial committee has already prepared a package of economic and financial reform legislations to be presented by the new cabinet and referred to the new parliament in mid-December. The government aims to start executing its economic reform plan early even as it expects fierce confrontation with the new parliament, the report quoted government sources as saying. The government believes that privatizing education and healthcare is a must, while the opposition considers this as unconstitutional.

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