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    • BASIC CONCEPTS OF VALUE ADDED TAX

    • 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…

    • January 19, 2019
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    • BAHRAIN HAS IMPLEMENTED VAT THE EARLY FEEDBACK

    • 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…

    • January 15, 2019
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    • LESSONS FOR BAHRAIN VAT IN VIEW WITH VAT IN GCC

    • 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.…

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    • ABOUT VAT IN BAHRAIN

    • 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…

    • January 13, 2019
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    • VAT IN BAHRAIN THE COURSE OF ECONOMIC REFORM

    • 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,…

    • January 12, 2019
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    • VAT IN BAHRAIN PARTICULAR TRADE CONCERNS

    • 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…

    • January 9, 2019
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    • THE PLUS SIDE OF VAT

    • Following the decision of the UAE to introduce VAT, Bahrain implemented the tax in on January 1 this year, leaving other countries still to do so. At the time, Bahrain’s principal law process has been in circulation for a few…

    • January 6, 2019
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    • PENALTIES ON VAT VIOLATORS-A REMINDER

    • In sequence with HM King Hamad’sorders, the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani, gave emphasis to the ministry’s dedication to evaluating the means of application VAT during its trial period starting January 1, 2019. The…

    • January 3, 2019
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    • BAHRAIN VAT –PRE AND POST IMPLEMENTATION

    • WHAT IS VAT Value added tax (VAT) is a form of consumption tax imposed on the supply of goods and services. The VAT is charged on the value added at each stage of the supply chain. Businesses act as VAT…

    • January 2, 2019
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    • 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