Excise
Kuwait: A Tax Oasis in a Sea of VAT, But for How Long?
Kuwait stands out in the Gulf Cooperation Council (GCC) for its lack of income taxes for individuals and companies wholly owned by Kuwaiti or other GCC nationals. This tax-free haven attracts businesses and boasts a high standard of living for its citizens. But with fluctuating oil prices, Kuwait is looking for new revenue streams. Enter […]