Remittance
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Annual Report Of The World Bank Revealed That Kuwait Occupied 7th In Remittance28 December 2015Official figures issued as part of the annual report Kuwait ranks 7th in remittance study according to World Bank Kuwait occupied third place among countries in the Gulf...5 Percent Tax On Expat Remittance - Kuwaiti Mp03 May 2016A Kuwaiti lawmaker said expatriates should pay a tax of up to five per cent on remittances from Kuwait. He said Kuwait is dealing with financial consequences of the downfall i...Rejected The Idea On Remittance Tax06 April 2018When a number of economic experts were asked for their opinion about the remittance tax, most of them rejected the idea, stressing the need for enhancing the economic environment o...Issue Of Remittance Tax Has Led To A Tug-of-war In Parliament09 April 2018The issue of remittance tax has led to a state of tug-of-war currently in the parliamentary arena between supporters and opposers of this tax, with each side having their own argum...Remittance Tax, Health Cover On Expat Visit Visas On Agenda26 November 2018The Secretariat General of the National Assembly has distributed the agenda for Tuesday’s session, which include requests to lift the immunity of several MPs and some proposa...Nbk Taps Ripple For New Remittance Service29 December 2018National Bank of Kuwait (NBK) has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers. The bank announced Thursday that it has la...No Constitutional Equality Protection In Singling Out Expats For Imposing Tax On Remittance02 April 2019The parliamentary Financial and Economics Affairs Committee on Monday discussed the proposal to impose tax on international money transfers, during which the committee reiterated t...Tax On Expat Remittance Put On Hold02 May 2019The parliament has excluded the bill on taxing expat remittances from its agenda for the current parliamentary term ending in June. This was reported by Kuwait Times newspaper. Acc...Impose Fees On International Money Transfers Of Expatriates - Mps13 May 2019MPs Khaleel Al-Saleh, Omar Al- Tabtabaei, Faraaj Al-Arbeed, Hmoud Al-Khodair, Ahmed Al-Fadel, Salah Khourshed and Safa Al-Hashem have submitted a request to expedite discussion of...Expatriate Remittances Drop By 22 Percent10 December 2020Remittances by expatriates in Kuwait to their countries decreased by 21.96 percent during the second quarter of this year, compared to the first quarter, from KD1.35 to KD1.056 bil...Title Remittance Tax Is Back In Discussion11 January 2021MPs Osama Al-Shaheen, Hamad Al-Matar, Abdulaziz Al-Saqaabi, Shuaib Al- Muwaizri and Khalid Al-Otaibi have submitted a bill on taxing remittances. Al-Shaheen disclosed the bill a...Imposing 1% Tax On Remittances22 January 2021The Legislative Committee will take up a number of issues and discuss them on Monday from these the most prominent of which is the imposition of fees on remittance outside the coun...Remittance Tax Back In Play21 February 2021The attempt to impose tax on remittances continues with the bill submitted by MP Abdullah Al- Turaiji who proposed taxing the money transfers of foreigners in any currency. The...14.5% Increase In Remittance By Expatriates Last Year15 June 2021As the Corona pandemic made a sharp decline in spending in the year 2020, the statistics by Central Bank of Kuwait shows an increase in remittances made by expatriates in Kuwait du...Expats Send Home More Money In Corona Times – Many Families Leave For Good16 June 2021The recent statistics of the Central Bank of Kuwait (CBK) shows an increase in the remittances of expatriates in 2020, which reached KD5.3 billion — about 14.5 percent higher...