Bahrain Guide: How to apply for VAT Registration?
VAT Registration Procedure in Bahrain VAT was introduced in Bahrain on 1st January, 2019. The standard rate of 5% will be applicable on goods and services. However, there are...
Continue ReadingVAT Registration Procedure in Bahrain VAT was introduced in Bahrain on 1st January, 2019. The standard rate of 5% will be applicable on goods and services. However, there are...
Continue ReadingEarlier this year NBR has accepted the proposals of forming VAT group in Bahrain. But what if two or more related or associated persons work for similar objective, there...
Continue ReadingEffect of VAT on price in Bahrain Value Added Tax (VAT) was introduced in Bahrain on 1st January, 2019. The standard rate of 5% will be applicable on goods...
Continue ReadingBahrain implemented VAT on 1st January, 2019. The standard VAT rate in Bahrain is 5%, levied on all taxable supplies. The following is the structure of the VAT rate...
Continue ReadingAfter almost 2 year of VAT implementation in Dubai, it’s estimated that 95% of the total registrants have completed their 1 st tax year. It’s high time for them...
Continue ReadingIn October 2018, Bahrain Ministry of Finance (MoF) has released the Executive Regulations of VAT law. The regulation clarifies some details regarding VAT implementation and includes: Compliance Matters. The...
Continue ReadingVAT was introduced in the UAE on 1st of January, 2018 to diverse its source of income for the benefits of public. VAT was applicable at a standard rate...
Continue ReadingEntertainment Services means those expenses which are incurred for activities which are meant to entertain personnel. One of the examples to understand this is free staff parties, food in...
Continue ReadingWith the introduction of VAT Law in Dubai, business houses face problems and make small mistakes. These mistakes can cost the entity higher of AED 50,000 or 50% of...
Continue ReadingFTA has issued a clarification on treatment of re-imbursement and disbursement of expenses. In addition to that, FTA also issued clarification with respect to what constitutes disbursement and re-imbursement....
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