Income Tax, Zakat Tax to be implemented shortly

April 3, 20181 Comment

 The present stance of the government related to imposing taxes on remittances of expatriates gives it an opportunity to approve or dismiss the tax system.  They revealed that the government has not yet adopted a firm opinion regarding this matter.

According to legal sources, the laws and the Constitution are the two basic factors that control the decision related to tax enforcement. Meanwhile, First Deputy Chairman of Kuwait Chamber for Commerce and Industry (KCCI) Abdulwahab Al-Wazzan said in a press release that tax should be imposed on everyone, as that is the way to ensure justice.

He affirmed it is a known fact that new taxes will be implemented shortly such as Value Added Tax (VAT) and income tax along with the current taxes like Zakat tax, national labor subsidy and the tax paid to Kuwait Foundation for the Advancement of Sciences.

Al-Wazzan insisted that participation in supporting the state funds is a national duty, encouraging everyone to participate and stop squandering the public funds as well as to confront corruption.

Source : Arabtimes

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