Income
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Kuwait Government Has No Intention To Impose Taxes On Citizens Income24 January 2016Minister of Finance and acting Minister of Oil Anas Al-Saleh has affirmed that the government has no intention to impose taxes on citizens’ income. He said the ongoing dis...Kuwait Govt Eyes Tourism Sector As New Source Of Income30 March 2016The government is keen to promote Kuwait’s tourism sector and developing it as a way to diversify sources of income and create more opportunities for young people, Minister o...Mp Queries About The Sources Of National Income08 January 2017MP Ali Al- Daqbasi has forwarded questions to HH Prime Minister Sheikh Jaber Al- Mubarak Al-Hamad Al-Sabah about the sources of national income. According to Al-Daqbasi, the State&...A Jordanian Woman Lodged Complaint Against Kuwaiti And Another Operating A Real Estate Office23 March 2017A Jordanian woman lodged a complaint against a Kuwaiti citizen and another Jordanian national operating a real estate office in Hawalli area for cheating. The suspects are said to...Moc Started Issuing Home Licenses To Expats For Monthly Income04 June 2017Ministry of Commerce started issuing ‘home’ licenses as a way to address the practice of renting a commercial license to an expatriate who operates the shop in exchange...Need To Exclude Citizens With Low And Medium Income From Rationalization04 August 2017MP Ali Al-Daqbasi has stressed the need to exclude citizens with low and medium income from rationalization and austerity measures in the future. He pointed out that touching th...Mp Rejected The Government's Alleged Attempt To Infiltrate Into The Income Of Citizens By Imposing Vat11 August 2017MP Majed Al-Mutairi rejected the government’s alleged attempt to “infiltrate” into the income of citizens by imposing value added tax (VAT). He claimed the govern...Kuwait's Largest Lender Eyes Saudi Expansion Plan19 December 2017National Bank of Kuwait, the country’s largest lender, plans to hire hundreds of bankers and open more branches in Saudi Arabia to tap opportunities in the kingdom. NBK, a...Kuwaits Largest Bank Posts 5.4 Pc Rise In Q4 Net Profit22 January 2018National Bank of Kuwait (NBK), the Gulf Arab state's largest commercial lender, reported a 5.4 percent rise in fourth-quarter net profit, in line with analysts' forecasts,...Citizens And Expats Have Expressed Disappointment To Impose Tax On Expat Remittances27 March 2018Several citizens and expatriates have expressed disappointment over parliamentary attempts to impose tax on expatriates’ remittances, asserting most expatriates have very lim...Mp Saleh Ashour Affirmed The Constitutionality Of Imposing Tax On Expat Remittances29 March 2018Rapporteur of Financial and Economic Affairs Committee in the Parliament MP Saleh Ashour has affirmed the constitutionality of the proposal to impose tax or fees on expatriates&rsq...Kuwait Is Forecast To Witness Booming Tourism In Light23 April 2018The State of Kuwait is forecast to witness booming tourism in light of the strategy, Vision-2035, and planned mega projects namely development of the northern region and the island...Kuwait Has Taken Tangible Steps To Diversify Income12 October 2018Kuwaiti authorities have taken significant and tangible steps for diversifying income resources, through a comprehensive scheme based on increasing participation of the private sec...Kuwaitis Spend 11 Percent Of Annual Income On Tourism26 November 2018A Kuwaiti citizens spends 11 percent of his or her annual income on tourism, travelling and recreation, according to a recent study carried out by the World Trade Organization (WTO...Cheap Oil Cost But Of No Value – Time For Opec To Find Another Source Of Income31 March 2019There is no need to brag that the cost of Arabian Gulf crude oil is $10 per barrel, or that Saudi Aramco’s cost of production is $4 per barrel. It is not a big deal as low-co...