Kingdom of Bahrain has introduced VAT there from 1 January 2019. This system was introduced in order to increase and even out the public finances that are strike tough by the go down in oil prices that also pushed Bahrain’s…

From the time when the oil and gas fall and the whole GCC area have resorted to the non-oil sector to force their financial development and branch out their economies, the performance of the non-oil private sector in the last…

The Value Added Tax (VAT) Law in Bahrain had been published and VAT has been introduced in Bahrain on 1 January 2019. The Bahrain VAT Law differs from the VAT rules of the United Arab (UAE), in particular around the…

The new Value Added Tax (VAT) has been introduced into Bahrain, and certainly, all of the Gulf States has been formed in a very analogous way to the European Union VAT structure, where each country is essential to follow the…

The concept of VAT is new to the GCC and Bahrain and this was mostly the huge first tax introduction conducted in Bahrain in terms of tax on goods and services where the effects are spread on the businesses and…

BAHRAIN HAS IMPLEMENTED VAT THE EARLY FEEDBACKS Bahrain has implemented levy 5 percent value-added tax (VAT) from January 1, 2019, following the introduction of the tax in GCC states UAE in 2018. Earlier last September during a meeting held at…

Tax consultants have been carrying out regular pulse surveys about how businesses and executives in the GCC getting compliant with VAT. The findings of the new survey, launched in last year, shows businesses have a more positive outlook on VAT.…

What is VAT? The VAT is an indirect tax applied upon the consumption of most goods and services. Registered sellers will collect VAT from buyers on behalf of the government, which makes it an indirect tax. The VAT is levied…

The House of Representatives of Kingdom of Bahrain approved a Gulf Arab agreement to introduce VAT after a royal decree ordered parliament to hold an extraordinary session in October 2018. The now has been approved by the parliament’s upper house,…

FINANCIAL SERVICES: There are normally a number of VAT exclusion that be relevant to financial (including Islamic financing) and insurance (including tactful) services and this directs to intricate categorization issues, as well as the requirement for stretchy systems and progressions…