MP rejects implementation of VAT and selective tax at this point in time



MP Ahmad Al-Fadel alleges that Ministry of Finance is currently deliberating on the prospects of implementing taxes, affirming he completely rejects the idea of taxation alongside other colleagues, especially in the absence of real financial reforms.

MP Al-Fadel explained that he does not oppose such financial policies. Rather, he rejects their implementation in the country at this point in time. He said the implementation of tax requires specific financial pillars, which the country does not have, and the committee for state priorities has sent several letters to the financial counterpart to set aside the VAT bill and the GCC selective tax on tobacco, food and energy drinks, which currently, the state’s financial structure cannot accommodate.-A.T.