Bahrain

Bahraini VAT compliance

October 15th, 2018

Bahraini VAT registration The compulsory VAT registration threshold in Bahrain is BHD 37,000 per annum. A voluntary registration for businesses below this threshold is permitted, although this has its own minimum threshold of BHD 18,850 per annum. There is scope for related businesses to apply for a single, Group VAT registration. There is no threshold …


Bahrain

Bahrani VAT rates

October 15th, 2018

Bahrani VAT rates Generally, Bahrain follows the terms of the Agreement, including the harmonised standard VAT rate of , but has a wider range of zero and reduced VAT rates to provide subsidies to the less well off in society. The current rates are:


Bahrain

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 …


Bahrain

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 …


Bahrain

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 …


Bahrain

Bahrain VAT launch by end of 2018

February 23rd, 2018

The Bahraini Finance Minister has confirmed the Gulf state’s plan to launch a 5% VAT regime before the end of 2018. The implementation date could be 1 October 2018.  “We’ll be working with parliament on VAT and aim to have everything set up by the end of 2018,” Sheikh Ahmed said. Bahrain, along with Kuwait, …


Bahrain

Bahrain launches 5% VAT October 2018

January 16th, 2018

Newspaper reports claim the Bahraini Ministry of Finance has confirmed that it will launch a 5% VAT regime on 1 October 2018.  Supplies subject to VAT will exclude health care, education and transportation.  There will be a VAT registration threshold of approximately $100,000. Bahrain will be the third member of the Arab Gulf Coordination Council …


Bahrain

Bahrain VAT enactment 2018

January 9th, 2018

Bahrain has committed to introduce a 5% VAT before the end 2018. The state was one of the six Gulf Cooperation states which signed the Unified VAT Agreement to introduce a harmonised VAT union.  Two of the states, Saudi Arabia and UAE, launched on 1 January 2018.  The other three, Kuwait, Oman and Qatar are …