The State of Kuwait, like the rest of the Gulf Cooperation Council (GCC), plans to apply VAT next year. This new added tax will have implications for the local business sector including food, manufacturing, construction and regional. There is no doubt that all economic aspects, starting with real estate and manufacture will be affected by the establishment of VAT system. In order to succeed in dealing with this economic change, companies need to develop and implement well-considered strategies that are consistent with this new tax. The conference aims to help companies in Kuwait prepare and raise awareness about the requirements of the next phase.