Tag: GCC VAT

2026-30 Fiscal Plan leaves out VAT implementation The latest 4-year fiscal plan for 2026 to 2030 does not include plans to implement VAT The National Assembly parliament has been a long-standing blocker to the imposition of VAT. Kuwait signed-up in 2017 with five other Gulf

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