Tax Proposed On Expat Money Transfers – Rate Up To 5% For Transfers Above KD 500

faisal-alqandi

news45sf54fs54sf54KUWAIT CITY : 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.

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