Bahrain small taxpayer VAT registrations
- Oct 4, 2019 | Richard Asquith
The third and final tranche of mandated businesses are now expected to register for VAT in Bahrain. Businesses with an annual turnover between the VAT registration threshold of BHD 37,500 and BHD 500,000 are expected to be VAT registered from 1 January 2020.
VAT registration applications are now being accepted for these businesses by the National Bureau of Revenue.
Bahrain introduced its 5% VAT regime in January 2019. It was the third of the six Gulf Cooperation Council countries to implement the tax as part of a an agreement signed in 2017. Only Saudi and the UAE have also implemented the agreed VAT regime of the six states.
Foreign companies, without a fixed establishment in Bahrain, should have registered by 1 January 2019.
Latest Bahrani news
February 24, 2019
The Bahrain National Bureau for Revenue has published the standard VAT return following the introduction of the 5% consumption tax at the start of 2019.
December 10, 2018
The Bahraini tax office has opened its VAT registration portal for businesses required to be VAT registered. The Gulf state is launching a 5% VAT regime from 1 January 2019.
The Ministry of Finance has commented on the planned October 2019 implementation..
October 13, 2018
Bahrain is to introduce a 5% VAT from 1 January 2019. The following rules will apply to supplies contracted and supplied over the introductory period. Where...
October 7, 2018
Updated 8th Oct: the parliaments Upper House has passed the Bill tonight. Royal Assent is now a formality within the next week. Bahrain’s parliament...
February 23, 2018
The Bahraini Finance Minister has confirmed the Gulf state’s plan to launch a 5% VAT regime before the end of 2018. The implementation date...
February 15, 2018
The International Monetary Fund (IMF) has declared that the Arab Gulf states of Bahrain, Qatar, Oman and Kuwait will not be prepared for the...
January 16, 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...
January 9, 2018
Bahrain has committed to introduce a 5% VAT before the end 2018. The state was one of the six Gulf Cooperation states which signed...
January 6, 2018
As the first two Gulf states, Saudi Arabia and UAE, join this week the other 160-plus countries with a VAT regime, the old objection...
January 1, 2018
Saudi Arabia and the United Arab Emirates (UAE) have today become the two latest states to impose Value Added Tax on their consumers. From...
November 5, 2017
A key parliamentary committee, Financial and Economic Affairs Committee, in Bahrain has rejected latest tax reform proposals, including plans to introduce VAT. The rejected Bill...