Kuwait approves draft VAT laws

31 August 2017

Kuwait has accepted the draft implementation of VAT and excise laws set by the Gulf Cooperation Council (GCC), which set the VAT rate at 5% in the country.

The GCC consists of six countries (Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman) who have all agreed to implement a harmonised VAT regime by next year.

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