Kuwait Moves Ahead With Excise Tax on Tobacco, Energy Drinks and Sugary Beverages

Kuwait has taken a step towards introducing excise taxation after the Cabinet approved a draft decree-law concerning the Unified Excise Tax Agreement of the Gulf Cooperation Council (GCC) countries and its amendment, referring the measure to His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah for approval. The proposed framework is expected to cover four …