KUWAIT CITY May 9: The tax on remittances has returned to the scene again, despite many economic warnings about its negative repercussions, reports Al-Rai daily. While those in charge of economic affairs felt that the remittance tax on expatriates was almost as large as their benefits, they suggested resorting to alternative, higher-yielding solutions that would add real revenue to the state treasury.
Experts told the daily that “It would be best to open channels of investment to attract the funds of expatriates inside Kuwait in line with the Vision 2035, the vision of transforming the country into a financial and […]
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