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Bahrain launches 5% VAT October 2018

  • VAT
  • 16 January 2018 | Richard Asquith

Bahrain launches 5% VAT October 2018

Newspaper reports claim the Bahraini Ministry of Finance has confirmed that it will launch a 5% VAT regime on 1 October 2018.  Supplies subject to VAT will exclude health care, education and transportation.  There will be a VAT registration threshold of approximately $100,000.

Bahrain will be the third member of the Arab Gulf Coordination Council (GCC) to implement the harmonized indirect tax – Saudi Arabia and UAE launched on 1 January 2018. Other members may launch in 2019.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.