Kuwait:No taxes for citizens

Local Arabic News Paper Al-Rai Reported that Government sources confirmed that the government’s work program does not include the imposition of any new taxes, whether with regard to value-added or selective tax or income tax, and other taxes related to the work and income of individuals.

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And she indicated that the new program does not include any tax addition other than the one currently applied to companies, and it is expected that the rates of taxes collected from companies will increase during the next fiscal year, with an increase in the percentage of the proceeds for the current fiscal year by approximately 155 million dinars».

The sources emphasized that the government seeks to enhance the welfare of the citizen and not burden him with undue burdens, especially in light of the high levels of inflation in all local and global markets, which is expected to continue in the coming period towards an upward trend.

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