Tag: tax
‘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
Kuwaitis and Expats decry bid to impose tax on remittances
Several citizens and expatriates have expressed disappointment over parliamentary attempts to impose tax on expatriates’ remittances, asserting most expatriates have very limited income. In an investigative report, they pointed out that imposing tax on remittances of expatriates is against the Kuwaiti Constitution; urging the lawmakers to follow in the footsteps of the best countries, not the worst.
4% Tax on salaries between KD 100 and KD 499
Local banks have affirmed their refusal to provide financial information about their clients without the permission of the latter, reports Arab Times daily quoting informed sources.
IMF hits remittance tax on Expats in Kuwait
The International Monetary Fund (IMF) has indicated that imposing tax on expatriates’ remittances and incomes,
Tax proposed on expat money transfers – Rate up to 5%
MP Faisal Mohamed Al-Kandari has proposed imposing tax on money transfers of expatriates. In a press statement, Al-Kandari pointed out the State of Kuwait hosts about three million expatriates who transfer money to their countries, which reached KD 19 billion in the last five years and this amount is equivalent to the national budget of Kuwait for one year. Continue Reading »
Kuwait to introduce sales tax
As per Arabtimes, He added the government confirmed its readiness to work towards economic reform, indicating the committee will try on Sunday to complete its final report regarding the document and its recommendations which will be submitted to the National Assembly for discussion on Tuesday.
