VAT On The Way? - Zawya

With little diversification, Kuwait's economic prosperity is inextricably linked to oil prices. But the government has launched an ambitious Development Plan focused on the non-oil sector and examining the prospects of launching VAT, according to IMF reports.

But will political deadlock delay progress on much-needed economic plans?

By the end of this year, Kuwait will become the fourth largest economy in the Gulf, relinquishing its third position to Qatar.

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