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Tag Archives: VAT

‘Tax professionals will enter Kuwait to help 30% of firms’

Govt’s prep to implement tax continuing KUWAIT CITY, March 3: Ernst & Young’s partner, Alec Schoch, said at least 42,000 expatriate professionals will enter Kuwait …

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Ernst & Young calls on GCC states to automatize taxes & to train staff

The fountain of Sheikh Jaber Al-Ahmad Al-Sabah Cultural Center puts on a beautiful display for its visitors. (Mohammad Al-Hadhoud – KUNA) Bid to face economic …

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Call for major changes in tax and economic environment in Kuwait

‘Delay or non-implementation of VAT a missed opportunity’ KUWAIT CITY, Dec 5: The Managing Partner of Ernst & Young, Kuwait, Walid Al-Osaimi has stressed the …

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Bahrain MPs nod to draft VAT law

DUBAI, Oct 7, (RTRS): Bahraini legislators approved a draft law on Sunday that would see value-added tax (VAT) imposed for the first time in the …

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KUFPEC floats tender for VAT collection

KUWAIT CITY, Aug 19: Kuwait Foreign Petroleum Exploration Company (KUFPEC) will fl oat a tender for the collection for Value- Added Tax (VAT), reports Al-Nahar …

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Kuwait expected to delay VAT to 2021

DUBAI, May 15, (RTRS): Kuwait will not implement value-added tax before 2021 but will push ahead with introducing excise tax, Parliament’s budget committee said in …

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VAT seen finalized in next Assembly term

Expat cuts public, governmental demand, says MP KUWAIT CITY, May 14: Reducing the number of expatriates in the country has become a public and governmental …

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‘State Treasury expects to make $2b following application of VAT’

KD 20m of MoH’s budget to be spent towards contracts, deals KUWAIT CITY, May 13: The State Treasury expects to make $2 billion following the …

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Tax everyone, says Kuwait Chamber for Commerce – VAT, Income Tax, Zakat Tax to be implemented shortly

KUWAIT CITY, April 2: The present stance of the government related to imposing taxes on remittances of expatriates gives it an opportunity to approve or …

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Finance postpones preps towards ‘enforcing’ VAT

Approval of National Assembly awaited KUWAIT CITY, March 20: Ministry of Finance has postponed the preparations for enforcement of Value Added Tax (VAT) until it …

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