The Central Bank of Bahrain (CBB) has warned about the fallout of taxes on remittances and other 'foreign transactions', said a report.
Such a move will damage national economy and may have serious implications for Bahrain
The economic committee of Oman's State Council has rejected a proposal to impose tax on remittances by expatriates, a report said quoting a senior official.
The proposal had been made by the Majlis Al Shura.
UAE Exchange, a leading global remittance and foreign exchange company, has been voted as ‘Brand of the Year’ by Superbands, owing to its supremacy in the market, longevity and customer loyalty.
The company received th
UAE Exchange, a leading remittance and foreign exchange brand, transferred $290 million, from across the globe, to Sri Lanka in 2013, contributing five per cent of the total remittance inflows to the country.
In a statement, the c
Oman should tax the billions of dollars which foreign workers send back to their home countries every year, an advisory committee to the government has proposed after signs of mounting pressure on state finances.
The economic and
UAE Exchange, a leader in remittances and foreign exchange services, has won the Global Award for Brand Excellence in ‘Banking and Financial Service’ category at an event held recently in Mumbai.
Y Sudhir Kumar Shetty,
While remittances to the MEA region grew by 2.6 per cent in due to the uncertainties triggered by the Arab Spring 2011, GCC accounted for more than 25 per cent of inward remittances to the Mena countries, said experts.
The overall remittan
Xpress Money, a global money transfer brand with a major presence in the GCC, has introduced a flat fee of Dh15 ($4) for remittances of any denominations to India.
The revised fee comes on the heels of the company’s decision to discontinue