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
- Ban renting of private houses to expatriates
- 22000 Vehicles Impounded
- Driving Licence & Article 17, 18, 20 and 22 residencies renewal online
- Taxes on the remittances of expatriates
- African expatriate arrested in Khaitan, selling magic charms
- Teacher pulls earring of 6 yr old student
- Another use of DRONE in Kuwait
- Kuwait’s Sheikha Intisar won the Arab Woman Award 2017
- Kuwaiti won 8,750,000 Kuwaiti Dinar
- 19,000 text messages sent to consumers
- Asian arrested for 140000 KD
- Automatic renewal of residence permit for expatriates
- Term ‘domestic workers’ instead of calling them ‘housemaids.’
- Campaign to monitor restaurants and garages
- Kuwait Skydive and Fly
- 9 years old student beat up 26 years old teacher
- 30 KD Fine and One month jail
- Inspection of houses in Khaitan by next week
- Swine flu virus cases found in Kuwait
- 12,000 Kuwaitis using Bitcoin currency
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
