VAT news tagged as "VAT enactment"

Kuwait

Kuwait readies VAT legislation

August 7th, 2018

The Kuwaiti government is reported to be reading draft VAT implementation legislation for the national assembly to review in October 2018. This could lead to implementation in 2019. The opposition in parliament is likely to be high. Earlier reports in the summer had suggested a 2021 or even 2022 launch date. In 2017, Kuwait and the five …


Liberia

Liberia to introduce VAT 2019

June 10th, 2018

Liberia is planning to introduce Value Added Tax regime sometime in 2019 according to its 2018/2019 budget. VAT would replace the existing Goods and Services Tax, which is 10% and 7% for goods and services, respectively. Every registered manufacturer and service provider shall file VAT returns for each tax period (calendar month) within 21 days …


Bahrain

Bahrain VAT enactment 2018

January 9th, 2018

Bahrain has committed to introduce a 5% VAT before the end 2018. The state was one of the six Gulf Cooperation states which signed the Unified VAT Agreement to introduce a harmonised VAT union.  Two of the states, Saudi Arabia and UAE, launched on 1 January 2018.  The other three, Kuwait, Oman and Qatar are …