Remittance Tax in Kuwait: Is it coming finally?

Executive Summary

The Parliamentary Financial and Economic Affairs Committee of Kuwait has approved bills for imposing tax on remittances of expatriates, based on their income level. The tax rate suggested starts at a modest 1% for remittance under KD99 and goes all the way to 5% for remittance beyond KD500. Remittance outflow from Kuwait in 2016 stood at KD 4.6bn (USD 15.3bn) with nearly 27% of that sent to India, followed by Egypt at 18%, Bangladesh at 7% and Philippines and Pakistan at 3% each.

Table of Content

Key Questions Addressed in this report

This report can add value to

Customize this report

Why Custom Research?

• Research and intelligence to suit your business requirements
• Informed decision making

What are Benefits of Customization?

• To-the-point, long or short research reports could be requested
• Reports are exclusively prepared for you

Customize this report

You Ask We Deliver

• Over a decade Marmore has successfully navigated this space of customized research to serve its clients and cater to their unique requirements.
• Our customized research support spans sector research, equity and credit investment notes, modelling, valuation, investment screening, periodical etc.
• نزود العملاء بمعلومات وآراء في مجالات لا تزال غير مستكشفة بهدف تزويدهم بالمعلومات اللازمة لاتخاذ قرارات استراتيجية مدروسة.
• Our offerings marries the challenges of cost, time, scope & data availability to generate actionable outcomes that are specific to our clients’ needs.

Learn more

الاستفسارات الشائعة

Table of Content

Key Questions Addressed in this report

This report can add value to

Customize this report

الاستفسارات الشائعة