• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Arabian Gulf Life

  • GCC
    • UAE
      • Abu Dhabi
      • Sharjah
      • Dubai
        • Dubai Guides
    • Saudi Arabia
      • Hajj
      • Banks of Saudi Arabia
        • Al Ahli NCB
          • NCB Al Ahli Bank Iqama Expiry
          • NCB AL Ahli Quick Pay
        • Al Rajhi Bank
          • Al Rajhi Al Mubasher
          • Al Rajhi Renewal Iqama expiry
        • Saudi Local Bank
        • Foreign banks in KSA
      • Education in Saudi Arabia
      • Embassies in KSA
    • Oman
    • Kuwait
    • Qatar
    • Bahrain
  • Labor Law
    • Saudi Labor Laws
    • Oman Labour Laws
      • Probation Period in Oman
      • Annual Leaves in Oman
    • Bahrain Labour Laws
      • Indemnity Calculation Law
    • Qatar Labour Laws
    • Kuwait Labour Laws
  • Expats Guides
    • Shopping in Saudi Arabia
      • Offers in Saudi Arabia
        • Othaim Markets
        • Bindawood
    • Saudi Arabia
      • Attestation
        • Degree Attestation Saudi Arabia
      • Absher
        • Register MOI Absher
        • Activate Absher Machine
      • Huroob
        • Check Huroob Status
        • Huroob Without Jail
        • Huroob Workers Banned
        • What is Huroob
      • Istiqdam
      • Saudi Jawazat
        • Expat Monthly Fees
        • Jawazat Iqama Fees
        • Jawazat Offices
      • Transfer Money
    • Oman
      • Check Labour Contract & Card
      • Resident Card Oman
      • Oman Visa Lost
      • ROP Oman
    • Qatar
      • Gratuity Calculation Qatar
      • Change Job in Qatar
    • Bahrain
      • lmra Bahrain
      • Change Job Bahrain
      • Bahrain e-key Account
      • Police Clearance Certificate
    • Kuwait
      • Check Travel Ban
      • Civil ID
        • Civil ID Fines
        • Civil ID Status
        • Civil ID Renewal
    • Domestic Workers
  • Iqama
    • Iqama Criminal Case
    • Check Iqama Status
    • Iqama Expiry
    • Family Iqama
    • Iqama profession
    • Check Kafeel Name
    • New Iqama Procedure
    • Iqama Stolen Lost
    • Annual Fee of Muqeem Card
    • Muqeem Card
  • Visa And Permits
    • Oman
      • Oman Family Visa
      • Oman Visit Visa
      • Resident Card Oman
    • Qatar
      • Qatar Family Visa
      • Qatar Exit Permit
    • Saudi Arabia
      • Saudi Visa Fee 2017
      • Final Exit Status
        • Before Final Exit Visa
        • Police Clearance
      • Saudi Exit Re Entry Visa
      • Saudi Jawazat
      • Saudi Family Visa
    • Bahrain
    • Driving License
    • Visa On Arrival
  • Telecom in Gulf
    • Saudi Arabia
      • Zain Telecom
      • Mobily
      • STC
        • Check STC Balance
        • Check STC Data Balance
      • Friendi KSA
    • Oman
      • Omantel
      • Ooredoo Oman
    • Qatar
      • ooredoo Qatar
    • Bahrain
      • Batelco
    • Kuwait
      • Viva KW
      • ooredoo kuwait
  • Traffic Laws
    • Saudi Traffic Laws
      • Saudi Vehicle Insurance Status
      • Traffic Violations List
        • Using Mobile While Driving
        • Driving with Child in Lap
      • New Saudi Traffic Laws
      • Check Traffic Violations
      • Driving License Renewal
        • Driving License Renewal Muroor
        • Saudi Driving License Procedure
      • Oman Traffic Laws

No Tax on Remittances of Expatriates in Kuwait

Economic Situation currently hit by low prices in Gulf, now coming to Kuwait in the form of proposal to impose taxes on already poor expat workers. There are huge speculations in Social Media that Kuwait might imposing heavy taxes on remittances, a hard earned money of expat worker which they send in their home country to keep the life ongoing.

But according to various sources it is not seems to be announced instead many financial expert gives warning that remittance tax will show negative impacts on economic activity.

Lawmakers and several MPs in Kuwait proposes this measure will tackle up the constant fall in Government revenues according to these proposals KD 100 to KD 500 salary owners have to pay 4 percent tax while more that 500KD have to pay 5 percent. These are only proposal not implemented yet.

But Financial expert said that it will just reduce and lower down the confidence of investors as this will rise up the cost to hire cheap laborers while no such revenues will be generated.

Talal Bahman VC of  Exchange Association instead of imposing tax we have to create more job for Kuwaitis which will generate revenue also we have to boost our exports and domestic production.

These type proposals are against the Global laws and Kuwaitis concept for gives rights to every person equally whether  it is Expat or its own citizen.

Encourage expats to spend money within Kuwait don’t let them to send back if they don’t required to do so, attract more foreign investors. This will increase investment and beneficial for Kuwaiti citizens as well as everyone else.

Moreover sending money don’t have only one way, there are many illegal ways that will be used by expatriates to send money hence further loss of revenues while reduces currency value. It is now cleared that after analyzing of these taxes there is not chance that it would be implemented.

 

Find More at Filed Under: Kuwait

Previous Post: « SAR 500 Fine for Breaking Red Signal at Right Turn
Next Post: List of Electronic Devices US Bans Flights from UAE Airports »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Copyright © 2021