Tag: GCC VAT

Government rules out VAT in 4-year plan; excise duties favoured until then Kuwait's government's new 4-year plan has ruled out the implementation of VAT. In 2017, Kuwait signed the Gulf Cooperation Agreement pact on a VAT and Customs Union. So far, only Kuwait and Qatar

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