Revenues
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Us Authorities Arrested A Former Kuwaiti On Charges Of Money Laundering And Illegal Revenues08 April 2016The US authorities have arrested a former Kuwaiti financial attaché working at the Kuwait Health Office in Washington on charges of money laundering and illegal revenues....Blaming Expats For Everything Is Not A Solution To Problems23 February 2017Concurring with the view recently expressed by several local and regional media outlets, we believe that blaming foreigners for all the shortcomings in Kuwait is a refrain that has...Kuwait's First Public Bond Issue In The Global Market Is Set To Oil Price Recover07 March 2017Kuwait's first public bond issue in the global market is set to price between Abu Dhabi government debt, long viewed as the gold standard in the Gulf, and Qatar, investors say....Kuwaits 22-mile Bridge, Is Nearly Complete09 March 2017Kuwait is building one of the world’s longest causeways to its north where it will pump billions into 'Silk City', aiming to revive the ancient Silk Road trade route....Kuwait Will Implement The Joint Tax Agreement27 March 2017Ministry of Finance settled the controversy concerning the schedule for implementing Value Added Tax (VAT) system, when the Undersecretary of the ministry Khalifa Hamada diminished...Imposing Taxes On Expats Is Not Suitable Measures To Increase Revenues- Cbk02 May 2017Central Bank of Kuwait (CBK) Governor Dr Mohammad Al- Hashel said imposing taxes or fees on expatriates’ remittances is not part of suitable measures to increase non-oil reve...Kuwait Reforms To Focus On Government Cuts, Not The Public's Wallet02 May 2017Kuwait’s government is preparing to unveil a fresh package of fiscal reforms to shrink the country’s budget deficit and reduce its dependency on oil revenues. But an...Mp Hashem Supports Tax On Remittances08 May 2017MP Safa Al Hashem said she was adamant that a tax be imposed on remittances by expatriates. The tax will be between three and five percent and will thus take into consideration the...Report Reveals Salaries In Govt Sector Have Increased05 July 2017A report prepared by the technical team of the parliament’s Budgets and Final Accounts Committee has revealed an expenditure increase of KD 3,343,767,305 from the government&...Deductions Worth Kd 28.5 Billion In The General Reserve From 2015 To 201717 July 2017Deductions worth KD 28.5 billion ($94 billion) in the general reserve from 2015 to 2017 do not represent the deficit for those three years, said Kuwait’s Finance Ministry on...Finance Ministry Mulls Imposing Vat17 July 2017Ministry of Finance is considering the implementation of value added tax (VAT) on certain sectors, but is studying measures to minimize its impact on citizens. Finance Min...Imposition Of Vat Rate Next Year To Kuwait16 August 2017The United Arab Emirates and Saudi Arabia will introduce value-added tax next January but other countries in the six-nation Gulf Cooperation Council may do so later in the year, a...Kuwait Municipality Has Announced That Expatriates Will Not Be Hired In Future07 September 2017The Kuwait Municipality has announced that expatriates will not be hired in future for any of its contracts quoting an official of the Municipality. This is in addition to ending t...Imf Tells Gulf States To Speed Up Shift Away From Oil31 October 2017The IMF on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial cr...Audit Bureau Has Called On The Government To Impose New Taxes10 November 2017The Audit Bureau (AB) has called on the government to impose new taxes to increase the non-oil revenues by amending the tax laws to reform the state’s tax system saying an in...