Tag: GCC VAT

Emir disolves Parliament; may open path to implement VAT The Kuwaiti National Assembly has been dissolved by the Emir amidst legislative deadlock and disputes between the parliament and government cabinet. This includes tax reform, and the imposition of a Value Added Tax regime, to help

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