VAT to bring KD 600 million income

Monday, August 21, 2017

The amount of tax income expected from imposing value added tax (VAT) and selective tax in the country is nearly KD 600 million, local media reported quoting Finance Ministry Undersecretary Khaleefa Hamada.

Evnthough this amount will not end the budget deficit, it will boost non-oil revenue, daily reported quoting him as saying.

According to report, VAT and selective taxes will be imposed as soon as they are approved by the National Assembly.

Express your comment on this article

Posted on Wednesday, August 23, 2017

I feel instead of putting taxes on expats why not open up the country . They know oil prices are dwindling so my suggestion open up the country and allow free trades and increase tourism by being flexible in rules and regulations. Now is the correct time to open up the country for investors and bring flexibility in rules and if you dont do now you wont be able to in future because it will be too late. Take a e.g from Qatar allowing free visa at the airport. Be wise now or else suffer in future as other GCC countries are already gone far ahead of you.Even now it is not too late think wisely.

Posted on Tuesday, August 22, 2017

what will happen when expats are gone and the oil barrel becomes $20 dollars as all global cars will run with either electricity or liquified gas or solar power ???????? will they charge the locals with taxes ? Locals will great havoc than... hhahahhahah.. hope am alive to experience that !!! it will be the sweetest news to ever hear.

Posted on Monday, August 21, 2017

Great... now our PM can visit more countries & other planets in Solar system

Mulla Shabbir Bhai Hussain Ji
Posted on Monday, August 21, 2017


Posted on Monday, August 21, 2017

Good put tax on vehicle no vehicle is having road tax . Putt according to seating capacity & tonnage . All big vehicles three months tax . For new vehicles one time first tax up to fifteen years . Then others suv yearly tax . This will make more revenue.

Submit your comments...
Disclaimer: The views expressed here are strictly personal and does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

A Walk in the Garden…

Our garden in Salmiya is an exciting learning-place… Every walk in it, teaches something every time


Take Thoughts Outside Box

"Where are the songs of spring? Ay, where are they?’’ I sighed, when others were busy with Keats, S


‘Be what you are, Do what you can’, a self-confident go getter, N.K. Ramachandran Menon

He believes, ‘No one can influence anyone’. He believes, ‘I can only be me and it is true for ever


How to carry out a winning scientific project?

I have been involved in judging scientific projects in schools and colleges for the past three deca


Extraordinary artist of ribbon work – Mrs Poornima

Hand Embroidery is one of the most beautiful artworks. There are variety of Embroideries which uses


Work hard, but enjoy your job – Ravi Varrier spending 40 years in a company!

Spending long working years with a company may not be a big deal if you are a sincere employee. But


Smart Investing - Diversification is the Mantra: Don’t keep all the eggs in one basket

Investment is an activity which everyone should be involved once they start earning. But where to i


They are disconnecting…

“Why do I need to learn about India? After all, I am going to live here—in Kuwait—all my life… I wa


I Learn Anew Every Day - Kevin Mathew

Kevin Mathew was the youngest (and only Indian) TEDx speaker at TEDxAlShuwaikh, Kuwait, on Septembe


Wise Decision by Bhavans Middle East

The Chairman, Bhavans Middle East Mr. N. K Ramachandran Menon, and the Director of Bhavans Middle E


A nostalgic and delicious train journey in Kuwait at Kerala Express Restaurant

A train journey during our annual vacation in India is definitely a nostalgic experience for many o


Mughal Mahal Exotica - An aromatic and exotic twist to Indian food

When it comes to Indian food in Kuwait, no doubt ‘Mughal Mahal’ set an example among the residents


Experience Indian Corner Tandoori Nights at Al Manshar Rotana Hotel

Al Manshar Rotana Hotel at Fahaheel, Kuwait launched an authentic Tandoori Night with an Indian cor


Biryani & Kebabi restaurant opened at Arabia Mall in Egila

Biryani & Kebabi is the newest addition to Al Sabah & Kohli food and beverage brands. Al Sabah & Ko


Prannoy, Saurabh guide Ahmedabad to PBL-3 semis

H.S. Prannoy powered Ahmedabad Smash Masters to a brilliant 4-1 victory over Mumbai Rockets, to adv


Transfast Cricket League Season- 02

Has Been Accomplished Successfully With Great Entertainment presentation Ceremony was enlightened


TransFast Cricket League Season-02 Grand Finals on Friday 05th January 2018

Another successful season of TransFast Cricket League with 48 teams in 4 Divisions & over 128 match


AVC win big, AKFC hold Sparx, Soccer Kerala thrash Goa FC 6-0

8th week of the Kuwait Indian Football Federation (KIFF) League for JP D’Mello Trophy started with


The Scorpions lift KDD – Kuwait Badminton League 2017 championship

The Scorpions lift KDD – Kuwait Badminton League 2017 championship held at IBAK Gym, Salwa. The