Kuwait postpones introduction of VAT until 2021 as oil prices riseOBGplus
Amid a backdrop of recovering commodity prices and stronger economic growth, in mid-May Kuwait decided to postpone introduction of value-added tax (VAT) until 2021, although it still intends to implement an excise tax as scheduled. Following a Budgets and Final Accounts Committee meeting on May 14, the National Assembly confirmed the revised timeline for the VAT introduction, citing a lack of technical…