Kuwait's Cabinet approved a draft decree-law on 27 October 2026 to adopt the GCC Unified Excise Tax Agreement and referred it to the Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah for approval. This includes the introduction of a selective excise tax on tobacco products and energy drinks at a rate of 100%, on carbonated beverages at a rate of 50%, and on sweetened drinks at variable rates depending on sugar content. Further details on the implementation of the excise tax will be published once…