Kuwait ministry to discuss imposing 1% tax on remittances

The Legislative Committee will discuss fees on remittances regardless of the currency individuals or companies

  
A man counting currency notes. September 19, 2018. Image used for illustrative purpose.

A man counting currency notes. September 19, 2018. Image used for illustrative purpose.

REUTERS/Eloisa Lopez

KUWAIT CITY - The Legislative Committee will take up a number of issues and discuss them on Monday from these the most prominent of which is the imposition of fees on remittance outside the country, regardless of the currency individuals or companies who do the transfers for a sum of 1% of the total sums transferred.

The committee is also considering a proposal for a law on securing a decent life for future generations, establishing a private hospital for employees of the Ministry of Interior, and a proposal regarding non-Kuwaiti military personnel who participated in repelling the brutal Iraqi aggression and liberating the country, reports Al Anba.

In addition to looking into a law on financing loans to owned entities to finance their economic projects, the committee will take up in its meeting a proposal to expand the circle of retired beneficiaries of health insurance, to include housewives and people with severe or moderate disabilities, and the possibility of adding other segments by a decision issued by the competent minister.

 

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