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    • BUSINESS AND VAT RETURNS

    • Periodic VAT Returns Once a business unit is registered for VAT functions, the VAT laws set down that VAT payer should file periodic returns. In the periodic returns, business unit submits details of their inward supply and outward supply. The…

    • February 14, 2019
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    • THE MECHANISM OF VAT IN BAHRAIN

    • Input Tax credit – Online corresponding One of the main characteristics of the VAT system is that it permits input tax credit to the business entity and efficiently, taxes VAT only on the ‘value addition’. At the same time as…

    • February 12, 2019
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    • HOW TO SET UP VAT COMPLIANCE IN BAHRAIN

    • The businesses in Bahrain who come under the VAT threshold are now hurried in updating their accounting system to be in line with the VAT system in the Kingdom. The ministry has strongly insisted the penalties on non-compliance and undoubtedly…

    • February 7, 2019
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    • WHAT IS VAT – HOW IT WORKS

    • On the context of the implementation of VAT in Bahrain, every business must know about the VAT and how it works on your business. Estimation in VAT The VAT would be payable on the ‘value’ of supply. As per the…

    • February 5, 2019
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    • FACTS OF VAT -WITH BMS

    • Bahrain’s parliament has agreed on the foreword of 5 percent value-added tax (VAT) in the kingdom from January 1, 2019. Value added tax (VAT) is not just accounting or tax confront. It impacts each fraction of the business with a…

    • February 3, 2019
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