Tag: remittances
‘Vote’ today on proposal to impose taxes on expats
Parliament’s Financial and Economic Committee will Sunday, April 1 vote on the proposal submitted by MP Faisal Al- Kandari to impose taxes on the remittances of expatriates.
2% tax for below 100 KD transfer – 4% between 100 and 499 KD – 5% tax above 500
Panel rejects imposition of expat remittance tax
The parliamentary Legislative and Legal Affairs Committee on Monday unanimously rejected the proposal to impose tax on remittances of expatriates because it is unconstitutional.
Remittances from expats in Kuwait hit 4520400000 KWD
Remittances from expatriates in Kuwait amounted to $15.3 billion in 2016, said the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) in report.
100 % increase in rate of remittances by expats
An increase in the rate of remittances of expatriates was witnessed few days before Eid Al-Adha holidays, such that the rate of increase was 100 percent.
