- May 15, 2018
- Posted by: VatMan
- Category: Press Room
Article published by and copyright of ZAWYA.com
Kuwait will not implement value-added tax before 2021 but will push ahead with introducing excise tax…
The United Arab Emirates and Saudi Arabia introduced VAT in early 2018
DUBAI: Kuwait will not implement value-added tax before 2021 but will push ahead with introducing excise tax, parliament’s budget committee said in a statement posted on the assembly’s website on Tuesday.
“The committee said implementation of value-added tax in Kuwait will be postponed until 2021, and that the finance ministry saw the need to expedite measures for excise tax on select products such as tobacco, energy drinks and carbonated drinks,” it said without elaborating.