Study to stop expatriates from remitting more than their monthly salary
Governmental authorities are studying the possibility of issuing a decision to instruct money exchange bureaus in the country to prevent expatriates from remitting more than their monthly salary in one month, reports Al-Qabas daily quoting informed sources.
They explained, “For example, if an expatriate’s monthly salary is KD 600, he will not be able to remit more than KD 600 to his country in one month”.
The sources clarified that the expatriates remit about 6.9 percent of the country’s total revenues, which however has a direct impact on the country’s economy. Moreover, it has been observed that the remittances have been increasing lately.
Source : Arabtimes
Kuwait News
- Events in Kuwait
- 300,000 illegally obtained Kuwaiti citizenship
- 17,000 jobs for Kuwaitis in place of expats
- Three Women Arrested
- Indians without Aadhar card face problem
- Kuwait clamps down on unlicensed kindergartens
- Public holidays in 2018 , Kuwait
- Kuwait studying tax alternative to VAT
- Around 20,000 drivers booked on weekend
- Kailash Kher is coming to Kuwait
- 29 Indian workers died in Kuwait
- Remittances from expats in Kuwait hit 4520400000 KWD
- 650 arrested in New Year Holidays
- 10 pct of marriages dissolved within first year
- Permanent residence for teachers
- 10000 KD fine and penalties for hiring illegal expats
- Filipinos being fed pills to boost their hormone levels by force
- Newly married couple, Husband died in mishap infront of wife 🙁
- 1000 Expats Arrested, Kuwait
- Domestic workers below 21, above 60 not allowed
- 51.8 percent of expats are illiterates in Kuwait
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
