Tag: tax in kuwait

Panel rejects imposition of expat remittance tax

January 30, 2018

The parliamentary Legislative and Legal Affairs Committee on Monday unanimously rejected the proposal to impose tax on remittances of expatriates because it is unconstitutional.

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Kuwait studying tax alternative to VAT

January 7, 2018

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.

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Taxes on the remittances of expatriates

December 3, 2017

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.

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Tax on the remittances of expatriates

January 6, 2017

MP Faisal Al-Kandari on Thursday submitted a proposal to impose tax on the remittances of expatriates.

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Effects of tax on expat’s money transfer to their countries

December 26, 2016

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.

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Tax proposed on expat money transfers – Rate up to 5%

May 2, 2016

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 &raquo

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