Kuwait's Taxes Will Not Be Affected By Global Commodity Price Increases
Price hikes on goods worldwide due to and the negative repercussions of supply chains or value added tax reform will not be an objective reason for stalling progress on the tax reform law or stopping the work on drafts of value-added taxes and selectivity or Uniform Tax Procedures.
Furthermore, the sources said that the increase in oil prices would not derail or postpone reform plans, since the rise in oil revenues would relieve a lot of pressure on the Government as a consequence of reforms. As a result, the reform plans should not be shelved since they are metaphysical and not guaranteed.
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