Ministry Of Finance Postponed Vat Implementation

30 November 2016 Kuwait

Ministry of Finance has postponed the implementation of value added tax (VAT) on consumable services to conduct further studies in that concern. Some members of the Economic Committee have voiced out the need to exempt some consumable items from the policy.

The ministry has specified categories to be included on the list of items the policy will be applicable starting from early 2020.

 

SOURCE : IIK

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