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No income tax plans: Ministry
November 29, 2015, 9:24 am

Kuwait has no plans to enforce income taxes on individuals at any time since it enjoys a strong financial situation and stays committed to the rentier state concept, a senior Finance Ministry official said.

Speaking about Kuwait’s budget during a recent interview with Kuwait Radio FM, Undersecretary Khalifa Hamada said that while reducing the payroll of the public sector which eats up the majority of the budget remains an unfeasible option, Kuwait must not expand it in order to prevent increasing the budget deficit.

On governmental projects, Hamada indicated that there are no plans to postpone strategic projects with an economic dimension, but reiterated that “now is not a suitable time for the government to expand organizational structures and establish new authorities.”

Source: Al-Qabas

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