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:
- Standard rated sales
- Sales to registered taxpayers in other GCC states
- Sales subject to the domestic reverse charge
- Zero-rated domestic sales
- Exports
- Exempt sales
- Total Sales
- Standard rated domestic purchases
- Imports subject to VAT (deferred or settled)
- Imports subject to VAT under the reverse charge mechanism
- Purchases subject to the domestic reverse charge mechanism
- Purchases from non-registered suppliers, zero-rated/exempt purchases
- Total Purchases
- Total VAT due
- Corrections from previous period
- VAT credit carried forward from previous period
- Net VAT due (or reclaimed)
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