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

New Greek Government Planning Major Tax Cuts

Among changes announced were a substantial reduction in both corporate tax and value-added tax (VAT).

Read more
Digital Services Tax Heading to France

Legislation approved in France this week imposes a digital services tax on technology firms.

Read more
Construction Sector Building Up For A Cash-Flow Crisis

Thousands of construction companies are facing a 20% drop in cash flow when VAT changes come into force in October.

Read more