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[size=36]International Monetary Fund: Kuwait to impose taxes on the wealthy[/size]
Economy | 02:22 - 30/03/2020
Follow-up - Mawazine News
, The International Monetary Fund said today, Monday, that estimates indicate that Kuwait's overall economic growth will slow to 0.7% in 2019 from 1.2% in 2018, calling on the Kuwaiti government to impose new taxes.
The fund added in a report that the challenge of reducing dependence on oil, which faces the crude producing Gulf, which has large financial reserves and a low level of debt, "has become more urgent."
He added that Kuwait to enhance its revenues should work to impose value-added tax, as well as a study to impose taxes on corporate income, luxury products, and personal income for the wealthy.
On its expectations for the current year, the Fund said that it expects the real GDP of Kuwait to grow this year by 1.5%. Finished 29 / s
, The International Monetary Fund said today, Monday, that estimates indicate that Kuwait's overall economic growth will slow to 0.7% in 2019 from 1.2% in 2018, calling on the Kuwaiti government to impose new taxes.
The fund added in a report that the challenge of reducing dependence on oil, which faces the crude producing Gulf, which has large financial reserves and a low level of debt, "has become more urgent."
He added that Kuwait to enhance its revenues should work to impose value-added tax, as well as a study to impose taxes on corporate income, luxury products, and personal income for the wealthy.
On its expectations for the current year, the Fund said that it expects the real GDP of Kuwait to grow this year by 1.5%. Finished 29 / s
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