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Wednesday , February 26 2020

‘Security tightened to monitor arrival, departure of containers’ – Bid to prevent smuggling: Al-Qudaibi

KUWAIT CITY, Jan 5: Acting Director General of General Customs Department Adnan Al-Qudaibi revealed that a security team has been assigned to closely monitor the arrival and departure of containers at Shuwaikh Port, reports Al-Rai daily.

He explained that metal barriers have been fixed to obligate trucks to move to the inspection areas in order to prevent them from escaping from the inspection procedures. Al-Qudaibi stressed the importance of coordination among various relevant authorities in order to fulfill the task in a perfect manner.

He also stressed the need for inspectors to focus on the search processes and take legal actions against the violators. Al-Qudaibi affirmed the keenness of the General Customs Department to prevent any attempts to smuggle illegal substances into the country.

Meanwhile, the International Monetary Fund (IMF) has advised Kuwait to set a specific timeframe ranging between three to five years for implementing the Value Added Tax (VAT) system, even though most of the Gulf countries indicated interest in implementing VAT by 2018, reports Al-Anba daily.

The IMF report suggested excluding six sectors from VAT, namely education, health, financial services, real estate, local transport and oil and gas sectors. Meanwhile, Deputy Prime Minister and Minister of Finance Anas Al-Saleh indicated that the economic reform document can be amended based on the tendencies of the State and the interests of citizens.

During a meeting between the ministry’s economic committee and the Kuwait Accountants Society, Al-Saleh said discussions about postponing the enforcement of ten percent tax on the companies and the 5 percent VAT are relevant now, and revealed that they have not been added in the relevant laws yet.

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