Kuwait Government Has No Intention To Impose Taxes On Citizens Income
Category: Kuwait Local News

Minister 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 discussions about the economic crisis are related to tax on net profits of companies, which is currently in the process of approval as one of the solutions for the State budget in cooperation with the National Assembly.

He affirmed that the government wil not touch the daily living of citizens as per the instruction of H.H. the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. He reiterated the proposed measures include the regulation of subsidies which include the regulation of rightful beneficiaries and finding alternative sources of national income rather than total dependence on oil.

Meanwhile, as part of measures to deal with deficit in the budget, the Government has notified the MP’s of its intention to reduce subsidies for national personnel and to review the allowance given to the category.

They pointed to the government conducting an overall review of the files of national personnel who are employed in private sector in order to exclude those violating law by receiving financial benefit without actually working, considering over 50,000 national personnel registered in private sector benefit from allowance valued at KD 180 million.

In a related development, the parliament is planning to recognize its priorities as to laws and projects presented by the Executive and Legislative authorities, before changing the mechanism and agenda of upcoming parliamentary sessions.

The same sources added the current laws and projects require total review, besides rescheduling parliamentary and governmental priorities. Also, the Priorities committee should intensify coordination with the Government and other parliamentary committees regarding laws to be presented.



24 Jan, 2016 0 854
Posted Comments
Kuwait Local News
Kuwait Local News
Crime News
Crime News
New Rules Entertainment