Inflation worries and $100 barrel oil price recovery could mean switch to limited excise tax Kuwait may alter plans to introduce VAT as inflation hit 10-year highs of nearly 5%, with fear that an increase in prices from the introduction of the consumption tax would
Gulf state likely to launch VAT regime 2023, including obligations for non-resident service providers and marketplaces Kuwait’s 2023 VAT implementation potential plan means that non-resident providers of telecommunications, broadcast and digital or electronic services can expect to be obliged to VAT register and charge 5%
Parliament resists introduction of VAT despite ballooning deficit The Kuwaiti National Assembly members are challenging in the past few days the potential introduction of VAT and excise duties as the Arab Gulf state wrestles with a rocketing budget deficit. The Ministry of Finance has pencilled in
Fifth of the six Gulf states to implement VAT The Arab Gulf state of Kuwait is considering a plan to implement Value Added Tax (excise duties 2022) on 1 January 2023 – but Parliamentary opposition remains high This will be part of the plan agreed
