VAT News

Bahrain-Introduction of VAT

Following on from Saudi Arabia and UAE in 2018, the Bahrain parliament has approved the introduction of VAT in the country from 1 January 2019. The VAT legislation has been released and is based upon the GCC VAT framework, with a standard rate of 5%.

A mandatory threshold of BHD 37,700 exists for resident businesses, whilst there is a zero threshold for non-resident businesses.

Detailed executive regulations should be released shortly.

Related articles

India Determined to Raise Taxes and Review Exemptions in a Bid to Increase Revenue

The move to review tax rates, exemptions and the cess comes amid a shortfall in revenue receipts of the union.

Read more
Why Half of Small Businesses Make VAT Return Errors

Why Half of Small Businesses Make VAT Return Errors

Read more
MTD for VAT — A New Compliance Rule for UK Businesses

MTD for VAT — A New Compliance Rule for UK Businesses

Read more