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Kuwait Considering Higher Taxes On Foreign Residents

by Lorys Charalambous, Tax-News.com, Cyprus

01 February 2017


Kuwaiti lawmakers are considering controversial proposals to significantly raise taxes on foreigners living and working in Kuwait.

Among the proposals said to be under consideration is a tax on expat remittances, with rates as high as five percent on remittances exceeding KWD500 (USD1,640).

As well as introducing a value-added tax, alongside other Gulf Cooperation Council territories, Kuwait may introduce higher taxes on vehicle use.

TAGS: expatriates | tax | value added tax (VAT) | Kuwait | law | Gulf Cooperation Council

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