News On Tax
Tax On E-cigarettes Will Increase To 100% On January 1, 2023 It will take four months until electronic cigarette taxes are introduced. The full tax won't go into action until January 1 of the following year. Starting on January 1st, 2023, both flavored and ... August 17, 2022 87 Category: Kuwait
UAE To Tax Corporate Profits From Next June 0% tax rate for taxable income up to Dh375,000 to support small business and startups The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits t... January 31, 2022 204 Category: Business
Tax Management System Bid Extended The Central Agency for Public Tenders (CAPT) has decided to extend for a period of 30 days the financial bids for the Ministry of Finance’s to supply, install and operate the Integrated Tax Mana... October 27, 2021 630 Category: Kuwait
Al-Munawer Proposes 5% Tax On Expatriate Money Transfers Parliamentarian Osama Al-Munawer has submitted a proposal according to each bank or financial institution concerned with banking operations and financial transfers take over the management of tax on t... October 14, 2021 4993 Category: Expats
Tax Decrees Feared The objective in holding the special session of the National Assembly on Tuesday is to end the current parliamentary round as fast as possible, says Chairman of the parliamentary Budgets and Final Acc... June 21, 2021 283 Category: Kuwait
G7 Leaders Strike ‘historic Agreement’ To Force Internet Giants To Pay More Tax, Rishi Sunak Announces G7 leaders have struck a “historic agreement” to force internet giants to pay more tax, including in the UK, Rishi Sunak has announced. The agreement will “make sure the right com... June 06, 2021 332 Category: International
Implementation Of Integrated Tax System Expected To Take 3 To 4 Yrs There is still an open discussion locally about the possibility of imposing taxes as part of implementing financial and economic reform programs, rationalizing expenditures and diversifying the source... May 17, 2021 455 Category: Kuwait
Proposed Latest Tax Laws ‘stir’ Parliamentary Concerns Again The Ministry of Finance’s move, in proposing an integrated tax management system and electronic services “ITAS”, coincided with the government’s work program for years 2021 to ... April 12, 2021 481 Category: Kuwait
Foreign Experts To Develop The Tax System In Kuwait The Ministry of Finance continues to install and operate the integrated tax management system and ITAS electronic services, despite a massive wave of rejection and disapproval of draft laws related to... April 11, 2021 1094 Category: Kuwait
Imposing 1% Tax On Remittances The Legislative Committee will take up a number of issues and discuss them on Monday from these the most prominent of which is the imposition of fees on remittance outside the country, regardless of t... January 22, 2021 1218 Category: Kuwait
Title Remittance Tax is Back In Discussion MPs Osama Al-Shaheen, Hamad Al-Matar, Abdulaziz Al-Saqaabi, Shuaib Al- Muwaizri and Khalid Al-Otaibi have submitted a bill on taxing remittances. Al-Shaheen disclosed the bill aims to enhance the p... January 11, 2021 488 Category: Information
Assembly, People Against The Idea Of Imposing Tax The parliamentary Business Environment Improvement Committee recently held its sixth meeting on the coronavirus crisis with Minister of Health Sheikh Dr Bassel Al-Sabah in attendance, says Chairman of... July 09, 2020 925 Category: Kuwait
Impose fees on international money transfers of expatriates - MPs MPs Khaleel Al-Saleh, Omar Al- Tabtabaei, Faraaj Al-Arbeed, Hmoud Al-Khodair, Ahmed Al-Fadel, Salah Khourshed and Safa Al-Hashem have submitted a request to expedite discussion of the proposal to impo... May 13, 2019 1444 Category: Kuwait
Tax On Remittances Has Returned To The Scene Again The tax on remittances has returned to the scene again, despite many economic warnings about its negative repercussions, reports Al-Rai daily. While those in charge of economic affairs felt that the r... May 10, 2019 916 Category: Kuwait
Tax On Expat Remittance Put On Hold The parliament has excluded the bill on taxing expat remittances from its agenda for the current parliamentary term ending in June. This was reported by Kuwait Times newspaper. According to report, th... May 02, 2019 539 Category: Kuwait
Tax Returns To Reveal Dual Nationality Of Kuwaiti Citizens Or Expats Kuwait’s move to implement the requirements of the International Joint Reporting determined in CRS, and the consequent provision of legal cover to allow the secrecy of its banking and investment... January 15, 2019 510 Category: Kuwait
No Direct Tax On Expats And Kuwaitis Secretary- General of the Supreme Council for Planning and Development Dr Khalid Mahdi affirmed that the issue of implementing taxes and reconsidering government services charges and fees listed in th... January 11, 2019 531 Category: Kuwait
Suggestion For Road Tax Yet To Be Decided Director- General of Public Authority for Roads and Land Transportation Eng Suha Ashkanani, said the suggestion of imposing road tax has not yet been decided by the Cabinet stressing that no road tax ... January 04, 2019 378 Category: Kuwait
KPMG Organizes KPMG MESA Tax Conference Recent developments in the local, regional and global tax environment, including a growing focus on transparency and technological demands, are putting pressure on organizations to adapt to new norms.... December 13, 2018 359 Category: Business
Call For Major Changes In Tax And Economic Environment In Kuwait The Managing Partner of Ernst & Young, Kuwait, Walid Al-Osaimi has stressed the importance of considering the major changes in the tax and economic environment at the local and international level... December 06, 2018 428 Category: Kuwait
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