53873
Kuwait Mulls 5% Tax on Expats’ Remittances
Kuwait Mulls 5% Tax on Expats’ Remittances

Kuwait Mulls 5% Tax on Expats’ Remittances

Kuwait 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.

Short URL : https://goo.gl/HcHRs3
  1. https://goo.gl/3zepDP
  • https://goo.gl/PvQJ8m
  • https://goo.gl/g3HFrO
  • https://goo.gl/om2lpI
  • https://goo.gl/oVul6g

You can also read ...

While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Wells Fargo Will Cut Workforce
Wells Fargo & Co said on Thursday it would reduce its...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus