Bahrain Guide: How to Appeal VAT Penalties?
As the Kingdom of Bahrain has launched the new VAT law, individuals failing to meet the settlement require considering penalties. If a taxpayer in Bahrain fails at agreeing with...
Continue ReadingAs the Kingdom of Bahrain has launched the new VAT law, individuals failing to meet the settlement require considering penalties. If a taxpayer in Bahrain fails at agreeing with...
Continue ReadingVAT return is a form that summarizes the total output tax due and the total input tax recoverable during a tax period. It has to be filed by all...
Continue ReadingRecord maintenance is the type of records to be maintained for VAT purposes. VAT in Bahrain also includes the length of time records must be retained. What documents are...
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 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 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 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 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...
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