Wednesday 23 July 2014
 
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income tax

Kuwait 'mulls income tax on expats'

  Kuwait's Ministry of Finance has started the process of implementing a taxation system for foreign residents in the country, reports said.   Once the system is implemented, expatriates in Kuwa

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Saudi Shura Council rejects expat tax move

Saudi Arabia's Shura Council has rejected a move to impose tax on the income of individual expatriate workers in the public and private sectors, a report said. The council made the decision after hearing the arguments for and against the p

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India income tax office in UAE in the pipeline

Plans to set up an income tax office in the UAE are in the pipeline, India's Ambassador to the UAE, M K Lokesh, has said. Lokesh confirmed that further to a decision taken by the Government of India, efforts are being made in this dir

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Qatar to impose income tax from January

Qatar issued an income tax law on Tuesday, which could make it the first Gulf country to tax the income of individuals. The official Qatar News Agency said the bill would take effect as of January 1, without giving details. "Sheikh Tamim b

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GCC mulls income tax levy by 2012

The six-nation Gulf Co-operation Council (GCC) has agreed in principle to implement corporate and individual income tax by 2012 and is now discussing ways to bring the deadline closer, said a news report, citing people close to the matter.

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Kuwait approves slash in income tax

The Kuwait parliament has approved slashing of income tax from 55 per cent to 15 per cent. Profits from stock trading, whether directly or through mutual funds, will also be totally tax-free providing the necessary fillip for foreign portf

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Kuwait mulls income tax - report

Kuwait will eventually have to impose taxes on personal income, the Emir was quoted as saying. "The service provided to nationals comes at a very high cost which can be shouldered by the state for some time but not all the time. There will

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