The National Bureau for Taxation (NBT) has released a general VAT guide on their website. The document acts as an explanatory guide to VAT principles in Bahrain. The guide will provide information needed by businesses to comply with the new VAT rules which will become effective 1 January 2019.
It is expected that the NBT will release additional guides, updates and clarifications over the coming weeks. Businesses should immediately consider the impact of such clarifications and releases on their business and what steps they need to take to ensure they are compliant with the new VAT system.
Indirect Tax Partner, PwC Middle East
Tel: +973 1711 8886
Indirect Tax Leader, PwC Middle East
Tel: +971 (0) 4 304 3744
Mohamed Al Mahroos
Bahrain VAT Senior Manager, PwC Middle East
Tel: +973 1711 8857