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This service provided by the National Bureau for Revenue, allows VAT/ Excise payers to settle their outstanding dues online.
9- Tax: The Value Added Tax (VAT) imposed on the import and supply of goods and services at each stage of production and distribution, including deemed supply. 10- Deemed supply: Anything considered as a supply of goods or services according to the instances stipulated in this law.
The National Bureau for Revenue (NBR) in Bahrain has published an updated VAT General Guide, sets out fees payable for certain NBR services and the procedures for requesting a review of an assessment (pre-appeal).
The Law consists of 79 articles that businesses need to understand to ensure their VAT readiness. In this publication, KPMG in Bahrain summarizes the VAT Law in the Kingdom of Bahrain and highlights the key implications on businesses across the main economic sectors.
25 sty 2021 · KINGDOM OF BAHRAIN . VAT GENERAL GUIDE . DECEMBER 2018 . VERSION 1.5 Updated on: 14 January 2021
Value added tax (VAT) raises complex issues for many businesses. Indirect tax treatment of cancellations. A multijurisdiction analysis. Tax. All Services. The GCC states have worked together to develop a broad framework for the introduction of Value Added Tax (VAT).
In brief. Last week, the Council of Representatives and the Shura Council of the Kingdom of Bahrain approved the Decree-Law No. (48) of 2018 on Value Added Tax (VAT). This confirms that VAT will be implemented in Bahrain from 1 January 2019.
