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‘Taxes’ On Money Transfer Expected
November 15, 2013, 11:56 am

The Central Bank of Kuwait (CBK) is looking at the possibility of imposing taxes on the money transfers of expatriates living in Kuwait through a mechanism that will be implemented in local banks, reports Al-Anba daily quoting sources.

Sources explained the tax will depend on the amount transferred, indicating the Kingdom of Saudi Arabia, United Arab Emirates and some other countries in the region have already taken a similar step.

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