Kuwait to Impose Tax on Expat Remittances

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 … Continue reading Kuwait to Impose Tax on Expat Remittances

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DUTERTE PLANS TO TAX THE CHURCH

President Duterte took his interests to tax the church to alleviate the marginal poverty in the country. He cited an instance when taxpayers always ask their money and took a swipe at the Church how their money should be used since it came from the givings of the people. “There are two kinds of taxation … Continue reading DUTERTE PLANS TO TAX THE CHURCH

OFWs in Kuwait Will Pay taxes for their Remittances

KUWAIT CITY: Parliament’s Financial and Economic Committee voted in favour to impose taxes on the remittances of expatriates. Article 1 of the proposal suggests imposing tax on the remittances of expatriates to any country with any currency except for money transfers relevant to treaties for protection of investment and transition of capital as well as … Continue reading OFWs in Kuwait Will Pay taxes for their Remittances