Portuguese / Spanish / English

Middle East Near You

Kuwait: New tax system amid widespread opposition

A Kuwaiti citizen receives a Pfizer-BioTech coronavirus (COVID-19) vaccine injection at a vaccination centre set up in the Kuwait International Fairground in the capital Kuwait City, Kuwait on December 24, 2020 [Jaber Abdulkhaleg / Anadolu Agency]
A Kuwaiti citizen receives a Pfizer-BioTech coronavirus (COVID-19) vaccine injection at a vaccination centre set up in the Kuwait International Fairground in the capital Kuwait City, Kuwait on December 24, 2020 [Jaber Abdulkhaleg / Anadolu Agency]

Kuwait is set to implement value-added and excise taxes amid popular opposition due to the cash crisis resulting from COVID-19 and the instability of oil prices, The New Khalij reported on Friday.

According to Kuwaiti newspaper Al Qabas, Kuwaiti authorities purchased ITAS software to operate the tax system which the Finance Ministry will be installing.

The system is planned to be tested in September, The New Khalij disclosed, pointing out that the government and the Umma Council (parliament) are working on drafting and approving the laws needed for the implementation of these taxes.

In 2018, parliament pushed the Kuwaiti government to postpone the implementation of the tax system to 2021. Excise tax has been imposed on selected products such as tobacco, energy drinks and carbonated drinks.

READ: Kuwait wants to strengthen ties with Turkey, says ruler

Categories
CoronavirusKuwaitMiddle EastNews
Show Comments
Show Comments