Finance ministry sources said the application of value added tax in Kuwait during the current circumstances will be widely rejected at the popular and parliamentary levels. The government has excluded it from its plans during the next three years at least, indicating it will resort to the application of excise tax instead of VAT as its first choice for tax collection.
Source: kuwaittimes.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
