On 20 August 2017 the Ministry of Finance in Kuwait issued Ministerial Resolution No. 46 of 2017 setting out additional instructions for implementing the Common Reporting Standards (“CRS”) in Kuwait.
On 16 July 2017 the Ministry of Finance issued Ministerial Resolution No. 36 of 2017 setting out instructions for implementing the Common Reporting Standards (“CRS”) in Kuwait.
The Gulf Cooperation Council member states (“GCC”) have signed a Unified Agreement for introduction of Value Added Tax in the GCC.