Tax
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Government To Impose Taxes On Expat Money Transfers10 August 2015MP Dr Khalil Abdullah has asked the government to impose simple taxes on money transferred by expatriates to their countries, considering they transfer about millions of Kuwaiti di...Total Tax Collected In 2014 Is Kd 100.3 Million07 September 2015The total tax collected in the last fiscal year that ended on March 31, 2015 was about KD 100.3 million, which is an increase of 12.4 percent from the total tax of KD 89.2 million...Discussions About Vat And Tax08 September 2015Head of Parliament’s Financial and Economic Affairs Committee MP Faisal Al-Shaye declared that the committee will hold a joint meeting with the Budgets and Final Accounts Com...Vat To Be Imposed In Kuwait16 September 2015The government decided to impose value added tax (VAT) and to increase customs tariffs as part of measures to improve the gross domestic product of non-oil revenue under the contin...Ministry Plans To Impose Additional Tax On Soda And Energy Drinks26 November 2015Official sources at the finance ministry said the ministry plans to impose additional tax on soda and energy drinks, and tobacco by nearly 100 percent. According to reports in loca...Kuwait Government Impose 10 Percent Tax On Companies05 January 2016The government is getting ready to approve a proposed law to impose a 10 percent tax on national companies, and a similar percentage on individuals who do business, local daily Al...Cabinet Approves 10 Percent Tax On Companies Profits15 March 2016Kuwait's cabinet has approved economic reforms including the introduction of a 10 percent tax on corporate profits to narrow a budget deficit caused by low oil prices, Finance...Tax On Expatriates Money Transfers02 May 2016MP Faisal Mohamed Al-Kandari has proposed imposing tax on money transfers of expatriates. In a press statement, Al-Kandari pointed out the State of Kuwait hosts about three million...5 Percent Tax On Expat Remittance - Kuwaiti Mp03 May 2016A Kuwaiti lawmaker said expatriates should pay a tax of up to five per cent on remittances from Kuwait. He said Kuwait is dealing with financial consequences of the downfall i...No Tax On Money Transfers Made By Expats18 May 2016The government will not impose tax on money transfers made by expats, adding that the income tax law is not a priority for the time being, local daily Kuwait Times reported citing...Tax On Expats From 2 Percent To 5 Percent On Remittances31 May 2016The Legislative Affairs Committee in the Parliament will soon endorse the proposal to impose tax on expatriates’ remittances. Confirming that the government and Parliame...Ministry Of Finance To Prepare Ordinance For Imposing Tax On Tobacco And Its Derivatives12 August 2016MoF to prepare ordinance for imposing tax on tobacco, its derivatives According to highly reliable sources from the ministry, the Cabinet instructed the Ministry to coordinate...Fuel Price Rise To Tax Middle Income Families29 August 2016With only two days left before the implementation of the new fuel prices an increase ranging from 42 to 60 percent, official sources said the middle income families will suffe...Imf Warns Against Tax On Expat Remittances26 December 2016The International Monetary Fund (IMF) warned about the intention of some Gulf countries about taxation on the money transfers by expatriates, reports Arab Times daily. The repor...Kuwait Government Plans Tax On Expat Remittances27 January 2017Government is reportedly planning to impose taxes on expat remittances, 2% to below KD100, 4% from KD100 to KD499 and 5% for amounts more to KD500 under reforms to be presented to...