New fees on remittances for expats in Kuwait

New fees on remittances for expats in Kuwait


Author: 
ARAB NEWS
Mon, 2018-04-02 14:53
ID: 
1522659365580856100

DUBAI: Expatriates in Kuwait have to pay fees now on all money remittances sent abroad after Kuwait’s financial and economic affairs committee approved new bills, Kuwait News Agency KUNA reported.
In a statement, Committee Chairperson, Salah Khorshed, said that the commission had approved the bills for these new taxes which will be lower for low-income expats.
According to the new law, fees will be split among salary categories as such:
. $300 salaries will be taxed 1 at percent
. $333 — $667 salaries will be taxed at 2 percent
. $1,000 — $1,665 salaries will be taxed at 3 percent
. $1,668 — $5,550 salaries will be taxed at 5 percent

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