Tax on remittances - Kuwait
On 17th April Kuwait’s parliament will debate a controversial draft law which aims to tax remittances of expatriates in the country. If the draft is approved, it will be referred to the government and in case the cabinet accepts it, it becomes law. Kuwait would then become the first country in the Gulf Cooperation Council (GCC) to impose such taxes. A tax on remittances will most likely generate a black market in the financial market that would be difficult to control.