Monday 8 August 2022

Personal imports up to $796 exempted from VAT

MANAMA, December 31, 2018

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 VAT from tomorrow (January 1, 2019).
It highlighted that the announcement came as part of the explanation of taxes and the administration fines linked to the VAT through the implementation of related rules and law and the methods of its calculation, of either 5 per cent or 0 per cent, a BNA report said. 

Tags: Bahrain | Imports | VAT |

More Finance & Capital Market Stories

calendarCalendar of Events