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.

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