VAT News

GCC-Kuwait to postpone VAT implementation

It has been announced that the parliament budget committee of Kuwait has confirmed that the implementation of VAT in the country will be postponed until 2021.

Under the GCC VAT framework, the 6 member states were expected to implement VAT from 1 January 2018, however to date only Saudi Arabia and the UAE have done so, with indications that other states will now implement the tax from late 2018 or early 2019.

Instead of VAT, Kuwait will press ahead with plans to implement an excise tax on selected products.

Related articles

Significant Changes to Polish VAT System

Discover a comprehensive review of the implemented and upcoming changes to the Polish VAT system.

Read more
Impact of Brexit on UK VAT

VAT expert and VATGlobal CEO, Gareth Kobrin explains the impact of Brexit on UK businesses.

Read more
VAT Gap Report Highlights Significant Losses in VAT Revenue Across Europe

EU countries lost €137 billion in VAT revenues in 2017

Read more