Kuwait Government Urges Expedited Approval of Selective Tax Proposal
The Kuwaiti government has submitted a proposal to introduce a selective tax, known as the ‘Harmful Goods Tax’, to the National Assembly for expedited approval. This tax will target goods that are harmful to health, such as tobacco, energy drinks, soft drinks, and sweetened drinks. The government aims to increase non-oil revenues and address the negative economic repercussions caused by the non-implementation of this tax in Kuwait. The proposed selective tax is distinct from the value-added tax (VAT) and has a fundamental goal of reducing consumption of harmful goods.