Kuwait cabinet nod to draft bills on VAT

Kuwait cabinet gave the thumbs up to draft bills approving the GCC Unified Selective Excise Tax, the GCC unified Value Added Tax (VAT) and the statute of the GCC Economic Judiciary Commission.

The ministers consented draft bills approving a legal and judicial agreement regarding the civil, commercial, personal status and penal articles with Egypt, and protocols for amending two accords to avoid tax evasion and double taxation on income with India and Brunei.