KUWAIT CITY, April 17: A draft law stipulates imposing tax on certain goods including 100 percent tax on energy drinks and tobacco, in addition to 50 percent tax on fizzy drinks, reports Al-Anba daily.

The daily obtained a copy of the draft law which also stipulates fine of KD 4,000 for failure to enforce the law and reward for those who report anyone found to have violated the law. This comes concurrently with the Saudi Consultative Council’s approval of the Selected Goods Law which will be referred to the Saudi Cabinet for implementation.

Implementation of the law is in line with the agreement of GCC countries on imposing selected goods tax that targets harmful and luxury items. Selected goods tax is an indirect tax collected from importing companies while the manufacturers and consumers will bear the cost since it will be added to the prices of such goods.

This step also aims to help consumers give up harmful goods. Meanwhile, the proposal to grant KD 50 fuel allowance to each citizen with a driving license will cost the State budget more than what it saved from the fuel price hike, reports Al-Anba daily quoting financial sector sources. Sources argued the proposal defeats the purpose of increasing fuel prices — to rationalize consumption and avoid collecting money from citizens.

Comments (0)

Cancel or

PIK Search

Hadees e Nabvi

1.png

Currency Rate

/images/banners/muzainirate.jpg

 

As of Tue, 22 Aug 2017 14:04:50 GMT

1000 PKR = 2.871 KWD
1 KWD = 348.299 PKR

Al Muzaini Exchange Company

Follow us


Join our Official Group Discussion

Click to Enter in the Group

PAK RISHTA Matrimonial Facilitator

Find your life partner from your own community in Kuwait A noble service for Pakistanis living in Kuwait. 100% privacy guaranteed, Contact: Abu Abdullah. 99720238 or Click to submit Details 

Advertisements

PIK News

PIK News is the best for news reader, Daily latest news, Weather of Kuwait, News Links, News widgets and RSS that automatically updates news all day long. Click to Read

PIK Cricket

Watch Live Cricket Match, Fastest Live Cricket scorecard, Statistics, Match Analysis With 24x7 Online Coverage of Cricket. Watch Now

 

PIK Book

We are introducing PIK Book

This book has been compiled to recognize the efforts of those Pakistanis who have dedicated themselves for the welfare of Pakistani community in Kuwait.

This is the first ever effort of its kind, a landmark event in the history of Pakistani community in Kuwait.

 

Contact: +965 - 99520998

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

PIK Fashion

PIK Fashion, a general term for a currently popular style or practice, especially in clothing, foot wear or accessories. View Collection

PIK Gallery

PIK Gallery is almost the best online photo management system. Show off your favorite collection to the world, it’s free and easy to upload. View Collection

20 Things You Didn't Know About... Failure

20 Things You Didn't Know About... Failure

1. Alfred Nobel considered himself a failure. After a newspaper’s premature obituary dubbed him...

Keep the shine in, oil out

Keep the shine in, oil out

Get more glow and less shine with skin-clearing solutions from leading dermatologists Oils...

How an owner is reunited with ‘kidnapped’ iPhone

How an owner is reunited with ‘kidnapped’ iPhone

LOS ANGELES: My iPhone had been kidnapped. It was sending me cries for help. Each time it was...

Are the Brains of Introverts and Extroverts Actually Different?

Are the Brains of Introverts and Extroverts Actually Different?

Introversion, it seems, is the Internet’s current meme du jour. Articles on introverts are...

Apple expected to expand iPhone reach with new models

Apple expected to expand iPhone reach with new models

San Francisco, California, Apple's highly anticipated event Tuesday looks to extend the reach of...

20 Things You Didn't Know About... Gravity

20 Things You Didn't Know About... Gravity

The apple of Newton's eye and the focus of Einstein's work, gravity is weaker than you probably...

NASA launches spacecraft to study Moon atmosphere

NASA launches spacecraft to study Moon atmosphere

NASA has launched an unmanned spacecraft that aims to study the Moon's atmosphere, the US space...

Make muscle pain a memory with ginger

Make muscle pain a memory with ginger

When Danish researchers asked achy people to jazz up their diets with ginger, it eased muscle...

See a Fish Think

See a Fish Think

In a first, researchers in Japan have captured the brain activity of a living animal as it...

Europe invites Apple, Google to discuss 'in-app' purchases

Europe invites Apple, Google to discuss 'in-app' purchases

BRUSSELS: The European Commission announced plans on Thursday to tackle one of the scourges of...

  • 20 Things You Didn't Know About... Failure

    20 Things You Didn't Know About... Failure

    Friday, 06 September 2013 21:39
  • Keep the shine in, oil out

    Keep the shine in, oil out

    Sunday, 25 August 2013 15:49
  • How an owner is reunited with ‘kidnapped’ iPhone

    How an owner is reunited with ‘kidnapped’ iPhone

    Wednesday, 11 September 2013 11:54
  • Are the Brains of Introverts and Extroverts Actually Different?

    Are the Brains of Introverts and Extroverts Actually Different?

    Thursday, 29 August 2013 17:33
  • Apple expected to expand iPhone reach with new models

    Apple expected to expand iPhone reach with new models

    Wednesday, 11 September 2013 01:34
  • 20 Things You Didn't Know About... Gravity

    20 Things You Didn't Know About... Gravity

    Monday, 19 August 2013 14:00
  • NASA launches spacecraft to study Moon atmosphere

    NASA launches spacecraft to study Moon atmosphere

    Sunday, 08 September 2013 16:12
  • Make muscle pain a memory with ginger

    Make muscle pain a memory with ginger

    Saturday, 22 March 2014 13:24
  • See a Fish Think

    See a Fish Think

    Wednesday, 28 August 2013 15:44
  • Europe invites Apple, Google to discuss 'in-app' purchases

    Europe invites Apple, Google to discuss 'in-app' purchases

    Thursday, 27 February 2014 17:23
Go to top