Bahrain VAT transition rulesCategory:


Bahrain VAT transition rules

October 13th, 2018

Bahrain is to introduce a 5% VAT from 1 January 2019. The following rules will apply to supplies contracted and supplied over the introductory period. Where invoices were issued, or payments made, prior to 1 January 2019 for post-implementation supplies, then VAT is still due. In this case, a debit note for the original invoice should be issued …


Norway scraps e-book VAT July 2019

October 11th, 2018

Norway is to set the VAT rate on electronic books and new journals at zero percent from 1 July 2019. The measure is contained within the 2019 Budget now in parliament. Supplies of e-books and electronic publications are today subject to standard 25% Norwegian VAT, although paper books and specific publications on paper have been subject …


Angola delays VAT launch to Jul 2019

October 8th, 2018

Angola has delayed the introduction of VAT until 1 July 2019. VAT was to be introduced on 1 January 2019, replacing the exiting consumption tax of 10%. The latter was a non-deductible tax charged throughout the production chain, resulting in a compounding of the tax levy and discouraging internal manufacturing development. The delay is due the …


Bahrain 1 Jan 2019 VAT Bill passes

October 7th, 2018

Updated 8th Oct: the parliaments Upper House has passed the Bill tonight. Royal Assent is now a formality within the next week. Bahrain’s parliament lower house has passed today the implementation of a 5% VAT regime from 1 January 2019. The House of Representatives approved a Gulf Arab agreement to introduce VAT after a royal …

Saudi Arabia

Saudi Arabia VAT reverse charge foreign providers

October 5th, 2018

The Saudi Arabian tax authority has published guidance on the reverse charge rules for B2B supplies provided by non-residents. As with most VAT regimes, the ‘general rule’ place of taxation for services is where consumed. The reverse charge is a VAT simplification which limits the instances where a foreign provider has to VAT register in …


Oman 5% VAT September 2019

September 29th, 2018

Oman government representatives have said that the state is looking to implement a 5% VAT regime from 1 September 2019. In 2017, it signed the Gulf Cooperation Council VAT Framework Agreement. This included: Saudi Arabia, Qatar, UAE, Bahrain and Kuwait. Only Saudi Arabia and the UAE introduced VAT this year, as planned, but Bahrain is …


Bahrain to approve VAT launch Nov 2018

September 28th, 2018

Bahrain is scheduled to approve the implementation of a 5% VAT in November, in time for an early 2019 launch. The government is looking to pass through parliament the legislation to introduce the consumption tax, along with other fiscal reforms including a pension overhaul. The measures are to help reduce the state deficit, which has …

United Arab Emirates

UAE VAT invoice update

September 12th, 2018

The United Arab Emirates’ Federal Tax Authority has published VAT invoice guidance. This covers: VAT invoices must be provided to customers for all taxable supplies; Full invoice must detail for each line item the VAT and net values per supply; Simplified invoices need not split out the net VAT amount where multiple supplies are made; …


China VAT refunds to bolster exporters hit by new US tariffs

September 11th, 2018

China has announced a further round of tax breaks to aid its exporters. This follows the US proposing new tariffs levying almost $267bn on Chinese imports. With $50 billion of goods already under 25% duties and another $200bn on which Washington is poised to raise tariffs, this would take the total for 2018 to over $500bn. The US’ imports from China last year …