VAT in Bahrain

Calculation of Input Tax in Bahrain

In 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 charged on expenses is further used for a taxable activity. Also, VAT charged on expenses can be recovered in part also, when used for part taxable

read more

In 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 charged on expenses is further used for a taxable activity. Also, VAT charged on expenses can be recovered in part also, when used for part taxable

read more
Value of Supply for VAT in Bahrain

VAT 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 in Bahrain. In order to charge 5% of VAT, one needs to evaluate the amount of the supply on which this rate has to be calculated.

read more
Payment of Due VAT in Bahrain

After 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 calculation of the same has to be made.  The payment of output VAT has to be made to NBR through filing of periodic returns. In this

read more
Exempt and zero rated (Bahrain)

The list of goods and services that are notified under VAT in Bahrain that are exempt or zero rated. Supply of Financial Services These kinds of supplies are exempt only when they are not conducted in return for an explicit fees, commission, and discount. Real-estate Supplies The sale, lease or license of a real estate

read more
De-registration from VAT in Bahrain

Steps 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 registering under VAT in Bahrain, if at any time, the registered person, no longer meets the criteria for registration, then he must de-register himself. After such

read more
VAT invoices (Bahrain)

Know 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 electronic as well as in paper form. The invoice can be issued in English or Arabic. The invoice issued must be in BHD currency. If the

read more
All about VAT Audit in Bahrain

A to Z of VAT Audit: 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 few items on which tax will be subject to Zero rated and exempt.  Introduction The NBR, through Audit procedure, assess the compliance level of

read more
VAT Registration in Bahrain

VAT Registration Procedure  VAT was introduced in Bahrain on 1st January, 2019. The standard rate of 5% will be applicable on goods and services. However, there are few items on which tax will be subject to zero rated and exempt. Not all business entities will charge on the supplies made. Only the VAT registered business

read more
Bahrain VAT Tax Groups

Earlier this year NBR has accepted the proposals of forming VAT group. But what if two or more related or associated persons work for similar objective, there comes the concept of Group registration.Therefore, two or more persons carrying on business together can apply for VAT registration as a Tax Group. The person associated here can

read more

Address

Binary Tower, Marasi Drive,
Business Bay,
Dubai, UAE
Phone KSA: +966 58 264 5319
UAE: +971 567952590
Mail:info@aviaanaccounting.com