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FINANCIAL NEWS
Kuwait considering income tax on national companies
17 Dec 2013
(MENAFN) Kuwait is considering imposing income tax on national firms to help boost government revenue, Arabian Business reported.
Kuwait’s finance ministry said: �The government may adopt proposals to extend the current corporate income tax to include Kuwaiti firms besides the foreign firms.”
The ministry is also coordinating with authorities in the GCC �for the development of the value added tax, which has seen good progress so far”.
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