What is the additional tax on remittances – Bahrain | Expatriate Remittance Tax | NRI Kerala | Manoramaonline Premium What is the additional tax on remittances – Bahrain | Expatriate Remittance Tax | NRI Kerala | Manoramaonline Premium Additional tax on remittances: Expats shocked proposal: What happened?
Published: February 08 , 2024 02:42 PM IST
Updated: February 08, 2024 03:09 PM IST
4 minute Read
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17 lakh expatriates returned to Kerala after losing their jobs due to the Covid crisis; Most of them are from Gulf countries.
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What was the situation when there was a proposal to impose additional tax on remittances sent by expatriates and it had to be withdrawn immediately? Is the threat of additional taxation completely gone?
Bahrain Currency (Image is only for Representative Purpose: File Photo/ Reuters)
The diaspora world has not been spared from the shock of a new tax proposal brought by the expatriates. The new tax proposal was raised in January by some members of the Lower House of the Bahraini Parliament. It was suggested that two percent tax should be levied on the remittances sent by expatriates. Its draft was also presented in the Parliament. But with the rejection of the proposal by the Bahrain Shura Council, at least for the time being, expatriates including the Malayalis can take comfort. Still one question remains. Why is there a proposal to impose additional tax on remittances? Can it be said that such a move will never come to Bahrain? Why did the Shura Council reject the tax proposal that would have been an additional burden on the expatriates? What was the government’s position on this? Let’s check in detail.
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2024-02-08 09:13:29
