Tag: Gulf

Parliament resists introduction of VAT despite ballooning deficit The Kuwaiti National Assembly members are challenging in the past few days the potential introduction of VAT and excise duties as the Arab Gulf state wrestles with a rocketing budget deficit. The Ministry of Finance has pencilled in

Fifth of the six Gulf states to implement VAT The Arab Gulf state of Kuwait is considering a plan to implement Value Added Tax (excise duties 2022) on 1 January 2023 – but Parliamentary opposition remains high This will be part of the plan agreed