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
- Six people stabbed a Kuwaiti
- Young Kuwaiti woman arrested
- Now Expats can transfer Visit Visa to Work Visa
- Kuwait to sign MoU for Pakistani manpower’s import
- Detail : No More Visa 22 (Dependent Visa) For Expats Parents
- 500,000 Expats may go – Fees, Taxes … Private Sector Expat Cuts Eyed
- MP Safa’a Al-Hashem wants term limits on expats
- Gorgeous thief woman arrested
- Ministry increases expats fees for Medical
- Young man and a girl arrested for dogging at side of a vehicle
- New rule, ‘Marginal professions’ not eligible for dependent Visa.
- 10 people a day die in Kuwait’s hospitals
- Travel ban, Traffic violations, Residence fines to be collected from police stations
- Kuwaiti stabs a policeman
- Worker steals Kuwaiti sponsor’s KD 600,000
- Indian Embassy warns its citizens
- ‘Ice Breakers’ gum banned in Kuwait
- 56,000 work permits of expats cancelled
- 48 hours jail for speeding motorists
- Alert : Temperature in Kuwait to hit 50 degrees today
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
