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KUWAIT CITY, Oct 12: The Constitutional Court on Wednesday received 18 petitions related to the parliamentary elections held on Sept 29, increasing the total number of such petitions to 27 so far. The court expects the filing of more petitions on Thursday the final day for taking such a step. Fol
MP eyes tax on remittances
MP Osama Al-Shaheen affirmed that billions of dinars exiting the local economy annually, and has reached nearly KD21 billion according to estimates of the last five years, and mentioned that imposing fees on remittances at a rate of 2.5 percent will possibly save the state at least KD100 million annually.
Al-Shaheen said, in a press statement, that MPs Dr. Hamad Al-Matar, Dr. Abdulaziz Al-Saqabi, Khaled Al-Otaibi, and Shuaib Al-Muwaisari, proposed the bill to impose fees on remittances to countries outside Kuwait, as it would provide an added advantage to the local market, create new jobs, boost economies and fields of work in Kuwait.
MP eyes tax on remittances
MP Osama Al-Shaheen affirmed that billions of dinars exiting the local economy annually, and has reached nearly KD21 billion according to estimates of the last five years, and mentioned that imposing fees on remittances at a rate of 2.5 percent will possibly save the state at least KD100 million annually.
Al-Shaheen said, in a press statement, that MPs Dr. Hamad Al-Matar, Dr. Abdulaziz Al-Saqabi, Khaled Al-Otaibi, and Shuaib Al-Muwaisari, proposed the bill to impose fees on remittances to countries outside Kuwait, as it would provide an added advantage to the local market, create new jobs, boost economies and fields of work in Kuwait.