Kuwait is in talks to introduce a 5% tax on expat remittances, according to several media reports.
A member of parliament (MP) has started collecting signatures in a bid to table a motion on the issue before the National Assembly, according to a report by the Kuwait Times.
The proposal is aiming to implement the 5% tax on expat remittances of over 500 Kuwait dinars ($1,640).
Kuwait’s Central Bank and Finance Ministry have opposed similar proposals in the past.
It was earlier reported that remittances sent home by expatriates in Kuwait rose 3.5% in the first quarter of 2018, to around $3.4 billion, according to figures from the Central Bank of Kuwait.
In 2017, total expat remittances from Kuwait fell 9.2% to 4.14 billion Kuwait Dinars ($13.69 billion), down from KD 4.56 billion ($15.08 billion) in 2016.
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