In June 2016, all six GCC states signed the Common VAT Agreement, pledging to introduce a 5% VAT rate. Kuwait’s parliament has pushed back the implementation date several times but the International Monetary Fund said last year that it expects it to be introduced by 2022. Qatar is expected to go ahead with VAT in the second or third quarter of this year and is said to be close to finalizing its tax administration system, Dhareeba.
Source: arabnews.com
Latest Posts in "Kuwait"
- Kuwait Updates Poultry Import Rules: New Bans, Lifted Restrictions, and Compliance with Health Standards
- Kuwait Implements New Truck Routes and E-Tracking to Strengthen Transit Cargo Oversight
- Kuwait Imposes Anti-Dumping Duties on Ceramic Sanitary Ware from China and India
- Kuwait Boosts Benefits for GCC Authorized Economic Operators
- Kuwait Expands Truck Transit Lanes with Electronic Tracking













