The Kuwaiti government is planning to impose tax on expats’ remittances and companies besides privatisation of healthcare and education sector, said a report.

A special ministerial committee has already prepared a package of economic and financial reform legislations to be presented by the new cabinet and referred to the new parliament in mid-December, reported Kuwait Times, government sources.

The government aims to start executing its economic reform plan early even as it expects fierce confrontation in this regard with the new parliament, the report stated.

According to the sources, the government believes that privatising education and healthcare is a must, while the opposition considers this as unconstitutional.

The school privatization move would experimentally start with one school per educational area.

Moreover, the sources said the government will also propose cancelling the current form of subsidies and direct them only to those with limited income.

"The agenda also includes imposing a 10 per cent tax on companies and a five per cent tax on expats’ money transfers,” the sources added.Kuwait mulls 5pc tax on expats' remittances

KUWAIT

The Kuwaiti government is planning to impose 5 per cent tax on expats’ remittances and a 10 per cent tax on companies besides privatisation of healthcare and education sector, said a report.

The Kuwaiti government is planning to impose tax on expats’ remittances and companies besides privatisation of healthcare and education sector, said a report.

A special ministerial committee has already prepared a package of economic and financial reform legislations to be presented by the new Cabinet and referred to the new parliament in mid-December, reported Kuwait Times, government sources.

The government aims to start executing its economic reform plan early even as it expects fierce confrontation in this regard with the new parliament, the report stated.

According to the sources, the government believes that privatising education and healthcare is a must, while the opposition considers this as unconstitutional.

The school privatization move would experimentally start with one school per educational area.

Moreover, the sources said the government will also propose cancelling the current form of subsidies and direct them only to those with limited income.

"The agenda also includes imposing a 10 per cent tax on companies and a five per cent tax on expats’ money transfers,” the sources added.