Bahrain Guide: What is Input Tax under VAT?
In Kingdom of Bahrain, the VAT law allows to claim VAT paid on your purchases. VAT charged on purchases can be recovered in the following conditions: When the VAT...
Continue ReadingIn Kingdom of Bahrain, the VAT law allows to claim VAT paid on your purchases. VAT charged on purchases can be recovered in the following conditions: When the VAT...
Continue ReadingOne of the major highlights of VAT is that, it tries to eliminate the cascading effect of taxes i.e the tax on tax. The significance of this is that...
Continue ReadingVAT Law was introduced on 1st January, 2019 in the Kingdom of Bahrain. There is a standard rate of 5% applicable on supply of taxable goods and services, under VAT...
Continue ReadingVAT is an indirect tax on consumption that is paid and collected at every stage of the supply chain. Hence the place where the goods/services are consumed is of...
Continue ReadingAfter introduction of VAT in Bahrain on 1st January, 2019, when it’s identified that the registered person has made a transaction that is within the scope of supply, Vat...
Continue ReadingGoods and Services that come under VAT in KSA can be classified into three categories: Taxable Supplies – Those goods and service which are subjected to tax Exempt Supplies –...
Continue ReadingThe list of goods and services that are notified under VAT in Bahrain that are exempt or zero rated. Supply of Financial Services in Bahrain These kinds of supplies...
Continue ReadingSteps to de-register from VAT in Bahrain VAT was introduced in Bahrain on 1st January, 2019. The standard rate of 5% will be applicable on goods and services. After...
Continue ReadingKnow all about issuing Tax invoices (Bahrain) A registered person must issue a tax invoice for any goods and/or services supplied by him. The issue can be raised in...
Continue ReadingA to Z of VAT Audit: Bahrain VAT was introduced in Bahrain on 1st January, 2019. The standard rate of 5% will be applicable on goods and services. However,...
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