Regulation, Risk & Compliance
Tax
Uncategorized
Kuwait – IMF and World Bank wolves in sheep's clothing over taxes
For years the International Monetary Fund (IMF) has been pressing Gulf States to apply Value Added Tax (VAT) on consumer goods and services, ostensibly to strengthen fiscal budgets. It appears that Gulf Cooperation Council (GCC) States may have heeded that advice although several including Kuwait and Oman have postponed its…
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