Tag: GCC VAT

Opposition election win extends deadlock on introduction of 5% Kuwait's parliamentary elections this week has increased opposition party hold on the legislature meaning a break-through on the introduction of a Value Added Tax regime is now unlikely soon.  Opposition parties are against the tax and

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