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Kuwait VAT launch April 2021

  • Apr 24, 2019 | Richard Asquith

Kuwait news reports indicate that it plans to implement a 5% VAT regime from 1 April 2021.

The indirect tax is being introduced as the economy seeks to rebalance its reliance on oil revenues. Oil prices have fallen from over $125 to $75 per barrel in the past five years. 

Kuwait is one of the six Arab Gulf states which committed to introducing a common VAT zone in 2017. So far, only Saudi Arabia, UAE and Bahrain have done so. It is expected that Oman will introduce VAT in October 2019.

Kuwait VAT news

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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