Kuwait News

Switzerland To Add Anti-BEPS Provisions To Two Treaties
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, September 9, 2020
On August 26, 2020, the Swiss Federal Council ratified a new double taxation agreement with Bahrain and a Protocol to revise its DTA with Kuwait. Read Full Story

Saudi Arabia To Treble VAT Rate To 15pc In Response To COVID-19
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, May 15, 2020
Saudi Arabia has announced its decision to increase its headline value-added tax rate to 15 percent from five percent, in a surprise break from the Gulf Cooperation Council's harmonized value-added tax framework. Read Full Story

Netherlands Adds To Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 31, 2019
Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019. Read Full Story

Netherlands Begins Consultation On Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting. Read Full Story

Kuwait Again Tables Expat Tax Proposal
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, May 10, 2019
Legislation has again been tabled before Kuwait's legislature to introduce a tax on expat remittances. Read Full Story

Netherlands Announces Tax 'Blacklist'
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 7, 2019
On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting. Read Full Story

Netherlands Begins International Tax System Review
by Ulrika Lomas, Tax-News.com, Brussels
Friday, September 28, 2018
The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules. Read Full Story

Bahrain Commits To Introducing VAT This Year
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, February 28, 2018
Bahrain has committed to pushing towards the introduction of the Gulf Cooperation Council's value-added tax framework by the end of the year. Read Full Story

United Arab Emirates, Saudi Arabia Introduce Value-Added Tax
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, January 1, 2018
Having introduced value-added tax on January 1, 2018, the United Arab Emirates and Saudi Arabia became the first two states of the six-member Gulf Cooperation Council grouping to follow through on the bloc's commitment to introduce a harmonized value-added tax. Read Full Story

Bahrain To Begin Levying GCC's Selective Tax
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, December 28, 2017
Bahrain's Cabinet has approved the introduction of the Gulf Cooperation Council's so-called selective tax on unhealthy commodities from December 30. Read Full Story
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