Kuwait may impose taxes on luxury items and tolls tax on some highways
Kuwait is looking into imposing taxes on luxury items and introducing tolls on some highways as new sources of fiscal income that will help avoid budget deficits. Other measures being mulled over by the northern Arabian Gulf states include a review of the pricing of goods and public services, and of the fees collected by the state for services and land rental, Kuwaiti daily Al Rai reported on Sunday.
Currently, most public services are offered for free while goods are subsidised. A lift of the subsidies, partial or full, would boost non-oil income for the state, the daily added. The government might also impose taxes on all companies, instead of confining them to non-Kuwaitis. Kuwaiti companies would thus contribute to the cost of the goods and services subsidised by the state such as water and electricity as well the infrastructure. The companies will also contribute to paying the cost of the services provided by the state to their expatriate workers.
The plan also includes the introduction of a value-added tax (VAT) that will help limit the propagation of an extravagant lifestyle with a negative impact on families and a high risk of crippling debts. Under the plan, the government could introduce a toll on some highways, with the collected money used to repair and enhance the road infrastructure and for maintenance.
Kuwait will also work on collecting all arrears dues from Kuwaitis and expatriates, and could impose fines on those who do not pay the state on time. A new culture to honour financial commitments and to pay bills and fines on time will be introduced, Al Rai said.
Source : Gulf News
Kuwait News
- Events in Kuwait
- Neymar Jr’s Five Kuwait champion
- One Indian, 3 Syrians and 5 Filipinos arrested
- Three prostitutes arrested in Farwaniya
- Residency transfer procedures within one month
- Grand Cinemas to open first 4D theatre in Kuwait
- Cross -dressers and a woman arrested
- A Pakistani and an Indian arrested in Abu Halifa
- Fine range between KD 5 and KD 200 depending on the nature of offence
- Change in Job Designation on Work Permit
- Kuwait airport baggage inspection to full alert
- Male prostitutes arrested in Kuwait
- Big snake found inside electricity meter box
- Several people arrested during raids on illegal residents
- Filipina raped by two boys
- Four Dutch prostitutes arrested in Kuwait
- KPBD Blood & Platelet Donation Camp
- Korean Fan Calligraphy
- Workshop : Building Your Comic Book World 101 with Hisham Najem
- Speech : Istaqbaal e Ramadan by PQNCK (Only Ladies)
- Hardees Heat 61 Championship
Filed in: All • Expats in Kuwait • Info • Local News • News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
