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

May's historic Brexit loss - what now for VAT?

With the massive loss experienced by the Prime Minister in the Commons yesterday, we have never been further away from a deal. Without a deal agreed between the UK and EU, there is nothing but uncertainty from a VAT perspective...

Read more
EU-MOSS scheme changes

From 1 January 2019, new rules will be introduced for the VAT MOSS scheme in the EU

Read more
Turkey-Standard rate applicable to e-publications

Certain e-publications previously subject to the reduced rate will now be standard rated

Read more