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|05 September, 2018

Kuwait to rush imposing selective tax

The new tax will be applied to cigarettes and tobacco products, as well as energy and soda drinks

FILE Image: Cigarettes are piled during the manufacturing process in the British American Tobacco Cigarette Factory (BAT) in Bayreuth, southern Germany. Image used for illustrative purpose.

FILE Image: Cigarettes are piled during the manufacturing process in the British American Tobacco Cigarette Factory (BAT) in Bayreuth, southern Germany. Image used for illustrative purpose.

REUTERS/Michaela Rehle

Mubasher: The government of Kuwait will ask the parliament to speed up the process of applying the new selective tax, sources told Al Anbaa Newspaper.

The new tax will be applied to cigarettes and tobacco products, as well as energy and soda drinks.

In May, the Kuwaiti government decided to delay the implementation of the value-added tax (VAT) until 2021, and to go through with the selective tax.

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Public revues from the selective tax is expected to reach KWD 200 million, alongside its health benefits by reducing the use of harmful products.

Source: Mubasher

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