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Bahrain VAT launch by end of 2018

  • VAT
  • 23 February 2018 | Richard Asquith

Bahrain VAT launch by end of 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 could be 1 October 2018.  "We'll be working with parliament on VAT and aim to have everything set up by the end of 2018," Sheikh Ahmed said.

Bahrain, along with Kuwait, Qatar and Oman, were due to introduce harmonised VAT systems at the same time as Saudi Arabia and the UAE. However, all three delayed the implementation of the new tax until 2019.

The news came despite an assessment last week by the International Monetary Fund that the state (as well as Kuwait, Qatar and Oman) would not be technically ready for VAT for at least another 18 months.

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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.