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Bahrain limits VAT to large companies

  • VAT
  • 29 November 2018 | Richard Asquith

Bahrain limits VAT to large companies

The Ministry of Finance has confirmed the planned January 2019 implementation of 5% VAT will be initially limited to large tax payers.  The roll out of VAT registrations will be as follows:

  • 1 Jan 2019 – businesses with annual turnover about BD 5million (register by 20 Dec 2019);
  • 1 Jul 2019 - businesses with annual turnover between BD 500k and BD 5million;
  • 1 Jan 2020 - businesses with annual turnover between BD 37.5k and BD 500k.

Any company with a taxable turnover above BHD18,750 may now register.


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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.