Banking & Finance

Kuwait will implement the joint tax agreement by early 2018

Ministry of Finance settled the controversy concerning the schedule for implementing Value Added Tax (VAT) system, when the Undersecretary of the ministry Khalifa Hamada diminished any possibility for its postponement…

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‘e-Renewal’ of residence seen

KUWAIT CITY: Director- General of the General Department for Info Systems at the Interior Ministry Major- General Ali Al-Ma’ili said the ministry is currently working on a project to facilitate…

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Banking & Finance

Six Gulf nations aiming for simultaneous VAT adoption in January

Policy makers in the six-nation Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start of next year, despite administrative and technical obstacles, a senior…

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