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.

LATEST NEWS

The new EU VAT e-commerce package – Implications for...

From 1 July 2021, low-value consignments of €22 or less imported into the European Union (EU) will no longer be exempt from import VAT. Instead, VAT will be...

SEE MORE
LATEST NEWS

The new EU VAT e-commerce package – Implications for...

From 1 July 2021, the European Union’s (EU) e-commerce reform will be introduced, which will include the withdrawal of the current VAT distance selling...

SEE MORE
LATEST NEWS

Separate EORI number for Northern Ireland required

HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.