Thursday 20 June 2019
 
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VAT

Bahrain plans new VAT refund scheme for tourists

Bahrain's National Bureau for Taxation (NBT) is reviewing the final details of a scheme which will allow visitors to claim refunds on a portion of VAT paid on taxable goods and services purchased during their visit, said a report.

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Ebrahim K Kanoo introduces zero VAT service

Ebrahim K Kanoo, the exclusive distributor of Toyota and Lexus vehicles in Bahrain, will start the new year with a new service campaign for customers to save on value added tax (VAT) at its service centres.   Wit

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Ebrahim K Kanoo introduces zero VAT service

Ebrahim K Kanoo, the exclusive distributor of Toyota and Lexus vehicles in Bahrain, will start the new year with a new service campaign for customers to save on value added tax (VAT) at its service centres.   Wit

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Personal imports up to $796 exempted from VAT

Bahrain's Customs Affairs has announced that personal imports and gifts for individuals worth less than BD300 ($796) would be exempted from the value added tax (VAT).   Bahrain plans to implement 5 per cent V

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Bahrain King calls for review of VAT mechanisms

His Majesty King Hamad bin Isa Al Khalifa has instructed the concerned executive entities to review the mechanisms of applying VAT during the trial period of its implementation. His Majesty stressed the importance of taking into a

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No VAT on financial services, says Bahrain cbank

The Central Bank of Bahrain (CBB) has confirmed that Article 54 of the Value Added Tax Law (VAT Law) provides that provision of financial services specified by the Regulation shall be exempt from the application of VAT. This exemp

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No VAT on financial services, says Bahrain cbank

The Central Bank of Bahrain (CBB) has confirmed that Article 54 of the Value Added Tax Law (VAT Law) provides that provision of financial services specified by the Regulation shall be exempt from the application of VAT. This exemp

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Blockchain 'safest tool for managing VAT in Bahrain'

The introduction of value added tax (VAT) in Bahrain next year is an excellent opportunity to build a unique and optimised taxation system and blockchain technology will be a safe and effective tool for its management, said an IT industry expert

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VAT implementation in Bahrain: Understanding the fundamentals

It has been nearly a year since the rollout of VAT in the UAE and Saudi Arabia, with Bahrain set to join them on January 1, 2019.    When the six Gulf Cooperation Council (GCC) members signed the Common VAT

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VAT implementation in Bahrain: Understanding the fundamentals

It has been nearly a year since the rollout of VAT in the UAE and Saudi Arabia, with Bahrain set to join them on January 1, 2019.    When the six Gulf Cooperation Council (GCC) members signed the Common VAT

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