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Oil prices briefly rose above $79 a barrel on Tuesday, making the prospect of introducing a new levy in a country unused to taxation is even less appealing. (Pexels)
May 16th, 2018 - 09:00 GMT

Kuwait Postpones VAT on Recovering Oil Revenues

The delay in Kuwait’s VAT plans was widely expected, according to analysts, given domestic political resistance to the tax, and the relative strength of the country’s finances compared with neighboring states.
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