Tag: tax in kuwait
Income Tax, Zakat Tax to be implemented shortly
The present stance of the government related to imposing taxes on remittances of expatriates gives it an opportunity to approve or dismiss the tax system. They revealed that the government has not yet adopted a firm opinion regarding this matter.
Remittance tax on Expats approved – Bill must win government approval
The parliamentary Financial and Economic Affairs Committee has approved four bills on imposing tax on remittances of expatriates, taking into account those with low income.
1% on KD 99,
2% on KD 100-200 ,
3% on KD 300-499
5 % on KD 500 and above
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.
Kuwait studying tax alternative to VAT
Governmental sources said Kuwait might resort to a progressive tax system as an alternative to VAT if the latter is not sanctioned by the parliament.
Taxes on the remittances of expatriates
Parliament’s Legislative Committee intends to soon discuss a number of files including imposing taxes on the remittances of expatriates, reports Al-Rai daily. It is worth mentioning that MPs have different viewpoints concerning imposing tax on the remittances of expatriates.
Tax on the remittances of expatriates
MP Faisal Al-Kandari on Thursday submitted a proposal to impose tax on the remittances of expatriates.
Effects of tax on expat’s money transfer to their countries
The International Monetary Fund (IMF) warned about the intention of some Gulf countries about taxation on the money transfers by expatriates, reports Arab Times daily.
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 »
