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Bahrain VAT launch set back

  • VAT
  • 05 November 2017 | Richard Asquith

Bahrain VAT launch set back

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 included launching VAT in accordance with Bahrain’s sign-up to the Gulf Cooperation Council’s (GCC) Agreement on VAT.  The House of Representative committee vetoed it on the grounds that it contains sweeping powers on tax raising on harmful goods.  The Bahraini House will now vote on the committee’s decision.

Bahrain is one of the six GCC countries originally planning to launch VAT in 2018.  Today, only Saudi Arabia and UAE are confirmed to implement the consumption tax from January 2018. The others – Bahrain, Qatar, Oman and Kuwait – may delay into 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.