Saturday, February 22, 2014

Kuwait tax system coming Soon?

Sales, corporate income tax nearer
 KUWAIT CITY, Feb 21: Minister of Finance Anas Al-Saleh has affirmed his ministry in fiscal 2013/2014 has undertaken two projects to apply the tax system in Kuwait — sales tax and corporate income tax, reports Al-Wasat daily. He indicated the total cost of the two projects is estimated at KD 35 million. He clarified the total cost of the first project — sales tax — is KD 15,680,000 whereas the total cost of the second project — corporate income tax — is estimated to be KD 19,250,000. link

Well, that's one way of getting people to move out of Kuwait.

No comments:

Post a Comment

Comments are welcome! Personal attacks are not. Thanks!