A Ban on cash transactions for car sales activities
The Minister of Commerce and Industry, Khalifa Al-Ajeel, issued a decision to add some activities regarding the prohibition of cash transactions for car sales activities and agents selling light and heavy cars on commission, effective from October 14.Stay updated on Kuwait’s latest news and job openings by following our WhatsApp channel! https://whatsapp.com/channel/0029VaCkXo25q08jnKrRwo27
The decision included 4 additional activities, namely “buying and selling motor vehicles”, “wholesale and retail trade of motor vehicles (new and used)”, “car brokerage (auctions)”, and “retail sale of scrap cars”.
Al-Ajil issued a decision to ban cash dealings for companies and individual institutions that engage in the activities of selling cars of all types, wholesale, retail or commission sales, starting from October 1.
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