Kuwait to rush selective tax

Mubasher: The government of Kuwait will ask the parliament to speed up the process of applying the new selective tax, sources told Al Anbaa Newspaper.

The new tax will be applied to cigarettes and tobacco products, as well as energy and soda drinks.

In May, the Kuwaiti government decided to delay the implementation of the value-added tax (VAT) until 2021, and to go through with the selective tax.

Public revues from the selective tax is expected to reach KWD 200 million, alongside its health benefits by reducing the use of harmful products.


Mubasher Contribution Time: 04-Sep-2018 14:52 (GMT)
Mubasher Last Update Time: 04-Sep-2018 14:52 (GMT)