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 ...

Even though the US tariffs on their own may have a limited impact, global economic growth will slow should US trigger a trade war with  China or the European Union.
The volume of global trade grew faster than the world economy...
OECD Finds No Consensus on Interim E-Commerce Taxes
The Organization for Economic Cooperation and Development’s...
S. Arabia Among World’s Worst Performing Property Markets
Saudi Arabia’s real estate market continued to be one of the...
Since China’s entry into the World Trade Organization in 2001, it has become the most formidable  economic competitor the United States had even seen.
The US national debt exceeded $21 trillion for the first time...
Greece Looking Economically Vibrant on Road to Recovery
It’s nearly springtime in Athens: street trees are heavy with...
Merkel Says Trying to Boost Domestic Demand
Germany is trying to stimulate domestic demand to offset...
Gaza growth fell from 8% in 2016  to a mere 0.5% in 2017.
Gaza has seen conditions steadily deteriorate over the last...
ECB wants to keep headline inflation below,  but close to 2% year-on-year.
Eurozone consumer prices grew less than expected in February...

Add new comment

Read our comment policy before posting your viewpoints