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Bahrain VAT return

  • 24 February 2019 | Richard Asquith

The Bahrain National Bureau of Revenue has published the standard VAT return contents following the introduction of the 5% consumption tax at the start of 2019.

Key details include:

  1. Standard rated sales
  2. Sales to registered taxpayers in other GCC states
  3. Sales subject to the domestic reverse charge
  4. Zero-rated domestic sales
  5. Exports
  6. Exempt sales
  7. Total Sales
  8. Standard rated domestic purchases
  9. Imports subject to VAT (deferred or settled)
  10. Imports subject to VAT under the reverse charge mechanism
  11. Purchases subject to the domestic reverse charge mechanism
  12. Purchases from non-registered suppliers, zero-rated/exempt purchases
  13. Total Purchases
  14. Total VAT due
  15. Corrections from previous period
  16. VAT credit carried forward from previous period
  17. Net VAT due (or reclaimed)

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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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.