Tag: GCC VAT

Government and parliament opposition to Kuwait joining of Gulf States in VAT union; excise duties favoured until then Kuwait Ministry of Finance is said to be against the long-expected introduction of VAT in accordance with the 2017 Gulf Cooperation Agreement 6-state deal.  This committed all

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