Tag: GCC intend to apply VAT tax

  • GCC intend to apply VAT tax law in 2018-’19

    GCC intend to apply VAT tax law in 2018-’19

    Kuwait: The Gulf Cooperation Council (GCC) member states are most likely to apply the value added tax law and is expected  between 2018 and 2019, says experts. Kuwait, for example, issued a ministerial decree in 2015 obliging financial companies and institutions to stick to the Foreign Account Tax Compliance Act (FATCA) which enforces US persons…