• TRANSITION TO VAT COMPLIANCE – THE LAST MINUTE HELP

    • What was supposed to companies do to get prepared for VAT? The VAT will influence almost every part of a business and business leaders will need to take a broad approach to deal with the problems of VAT guaranteeing that…

    • December 31, 2018
    • VAT IN BAHRAIN –SIMPLIFIED

    • WHAT IS VAT As the Gulf Cooperation Council (GCC) get on on the most essential reorganization within two days the taxation field in the form of VAT, a chief landmark on the way to fiscal continuity is getting on with…

    • December 30, 2018
    • BAHRAIN VAT LAW – PAYMENT OF TAX, ZERO RATING & EXEMPTIONS

    • Payment of Tax due to Supply The Taxable Person should pay the amount to the Authority with the submission of his VAT return, in accordance with the rules and procedures prescribed by the Regulations. Payment of Tax due on imports…

    • December 27, 2018
    • BAHRAIN VAT LAW – TAX PERIOD, INVOICE AND DEDUCTIONS

    • Tax Period The Regulations shall determine Tax Period in which the Taxable Person must calculate and pay the Tax for, provided that this period is not less than a month. The start and end of the Tax Period may differ…

    • December 26, 2018
    • VAT IMPLEMENTATION IN BAHRAIN – UPDATES

    • When the six Gulf Cooperation Council (GCC) members agreed on the Common VAT Agreement of the States of the GCC in 2017, they agreed to put into practice value-added tax (VAT) at the unified rate of five percent, but with…

    • December 25, 2018
    • VAT LAW IN BAHRAIN – A USER GUIDE

    • DEFINITIONS OF TERMS IN VAT LAW • The Kingdom: The Kingdom of Bahrain including all its lands and its subsoil and territorial waters adjacent to it and the seabed, and all that is vested in sovereign rights in accordance with…

    • December 23, 2018
    • VAT IN BAHRAIN – A CONCISE OVERVIEW

    • Highlights of the Law The effective date of implementation — Article 4 of the Royal Decree states that the Law will come into force on 1 January 2019. The scope of VAT — In accordance with the GCC VAT Agreement,…

    • December 22, 2018
    • VAT UPDATES – PREPARATION WITH VAT IMPACT

    • There is only hardly one week left for the VAT implementation in Bahrain. Launching VAT at a 5 percent rate was part of a Gulf Cooperation Council (GCC) agreement in 2018, a strong leap for governments that have conventionally levied…

    • December 20, 2018
    • BAHRAIN VAT LAW – ON REGISTRATION AND IMPORTS

    • Compulsory registration 1. The compulsory threshold for registration is as set in paragraph 2 of Article 50 of the Agreement. 2. A Resident Taxable Person is obliged to register for Tax purposes in the following cases: a) If the worth…

    • December 19, 2018
    • BAHRAIN VAT LAW SCOPE OF TAX, RATE AND GENERAL PROVISIONS

    • Scope of Tax Tax is obligatory on all Taxable Supplies by a Taxable Person in the Kingdom. It is also compulsory on Goods and Services received by the Taxable Customer in occurrences where the Reverse Charge Mechanism applies. It is…

    • December 18, 2018