MP wants government to monitor money transfer by expatriates
Friday, March 17, 2017
MP Khalil Al-Saleh called on authorities to impose tighter monitoring on huge money transfers by expatriates. According to him, the money transfer by expatriates reaches KD 21.2 billion between 2010 and 2014.
MP asked the Finance Ministry whether they had any plans to impose taxes or charges on the money transfer by expatriates.
Recently, several MPs have called for taxing expatriates’ money transfers in a bid to check the outflow of money from Kuwait. Last week, MP Safa Al-Hashem proposed a five percent tax /on expatriate money transfers.
MP also said that the size of money transfers made by expatriates every year must be monitored by authorities especially with the regards to prove they are proportional to their income.
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