Kuwait: Expatriate Income Tax Rumours Rejected
Type
E-journal
Date
7 Mar 2013
Jurisdiction
Kuwait
Taxonomy
International Banking, Payment & Payment Systems, Nationality & Citizenship, Income Tax
Copyright
LexisNexis
Legal reference
Kuwait Decree No. 3/1955, Kuwait Law No. 2/2008
Analysis
Kuwait's Deputy Prime Minister and Finance Minister, Al Shimali, has denied newspaper reports suggesting expatriates will be required to pay income tax and face foreign currency remittance caps.
Al Shimali went onto deny discussions were taking place at the Finance Ministry.
Newspaper reports in Al-Kuwaitiah suggested proposals requiring expatriates to pay income tax and limit foreign currency remittances to their monthly salaries were actively being considered.
For full story see: http://www.alraimedia.com/Article.aspx?id=419139&date=07032013