Kuwait parliament to discuss expat remittance tax - Gulf Business
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Kuwait parliament to discuss expat remittance tax

Kuwait parliament to discuss expat remittance tax

The proposed tax would be as high as 5 per cent for some transactions

Kuwait’s parliamentary legislative committee is reportedly scheduled to discuss proposed laws this week including a tax on expat remittances.

Kuwait Times cited sources as confirming the proposal, which is supported by MP Faisal Al-Kandari.

Under the proposal, a tax of 2 per cent for remittances below KD100 ($328) and 4 per cent for those between KD100 and KD499 ($1,635) would be applied.

This would increase to 5 per cent for sums of more than KD500, according to the publication.

In November last year it was reported that Kuwait’s government was planning to impose taxes on remittances and companies and privatise some sectors under a new wave of austerity measures.

Read: Kuwait plans tax on expat remittances, privatisations and subsidy reforms

The country’s high expat population has dominated politics in recent weeks, with MPs calling for a special debate on the subject next month.

Around 70 per cent of Kuwait’s 4.4-million-population is estimated to be foreign with MPs complaining of being a minority in their own country.

Read: Kuwait MPs demand debate on expat population in Feb


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