Kuwait Moves Ahead With Excise Tax on Tobacco, Energy Drinks and Sugary Beverages
Kuwait is moving toward the introduction of excise taxes. The Cabinet approved a draft decree-law based on the Unified Excise Tax Agreement of the Gulf Cooperation Council. This measure has been sent to the Amir for final approval. The proposed tax framework is expected to cover four categories. These include tobacco, energy drinks, and sugary beverages.
Kuwait has taken a step towards introducing excise taxation after the Cabinet approved a draft decree-law concerning the Unified Excise Tax Agreement of the Gulf Cooperation Council (GCC) countries and its amendment, referring the measure to His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah for approval. The proposed framework is expected to cover four … The post Kuwait Moves Ahead With Excise Tax on Tobacco, Energy Drinks and Sugary Beverages appeared first on Times Kuwait .