Kuwait could boost non-oil revenues by introducing a new tax, according to its Finance Minister.
Fahad Al Jarallah said on Tuesday that the government requested an urgent discussion by the parliament’s foreign affairs committee regarding the unified agreement on a harmful goods’ tax in the GCC countries in preparation for approving the agreement.
The tax would be levied on items such as cigarettes and energy drinks.
Kuwait harmful goods tax
During the regular session of the National Assembly, Al Jarallah mentioned there would be coordination between the coordination committee and the priorities committee to discuss the agreement.
This matter is not connected to the value-added law and does not concern any commodity other than harmful goods he explained, adding that if the agreement is approved, it will determine the goods on which the tax will be imposed, which affect the health and safety of citizens and protects the environment, such as tobacco, energy drinks, and some carcinogenic substances
He underscored the importance of approving this tax for the Ministry of Finance, as it is part of non-oil revenues.
Follow us on
