Tax On Expats Remittance

Tax on Expatriate money remittances returned to the limelight again as MPs called the parliamentary committee to include this in the agenda.

According to Al-Rai Arabic newspaper report, Parliamentarian Al-Saleh revealed that, according to the statistics of the Central Bank, the total remittances made by expatriates from Kuwait is amounted to about 4.2 billion dinars in one year. Imposing tax on this transfers will have a role in improving state revenues and diversifying sources of income, he said.

Al-Saleh explained that "this practice is in force in the vast majority of countries in the world including more than one Gulf country, and expatriates in those countries did not oppose it."

He added, "We do not target the expatriate brothers, because imposing symbolic fees on financial transfers will not have an impact on their money, and in return it has a positive return on the state's economy".

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