Kuwait Defers Implementation of VAT Regime and Accelerates Implementation of Selective Excise Tax

On 15 May 2018, the Kuwait Parliament Budget Committee announced that the implementation of the value added tax (VAT) regime In Kuwait will be deferred to 2021, while the implementation of the selective excise tax regime on tobacco products and energy and carbonated drinks will be accelerated. As a GCC Member State, Kuwait was meant to have implemented both regimes from 2018.