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Value Added Tax general guide has been issued by the National Bureau of Taxation (NBT) in the Kingdom of Bahrain

Value Added Tax general guide

Value Added Tax general guide

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Philippe Norre

Partner, Head of Tax and Corporate Services

KPMG in Bahrain

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Dear valued clients,

The National Bureau of Taxation (NBT) has issued the VAT general guide on 30 December 2018.

The VAT general guide provides preliminary remarks on taxable persons and registration, transactions within the scope of VAT, place of supply, VAT treatment in Bahrain, persons liable to pay VAT, value of supply and tax due date, tax invoices, input tax recovery, special refund schemes, tax period, tax return and payment, record keeping, non-compliance with tax obligations, bad debts relief, profit margin scheme, tax administration, appointing tax representative or a tax agent and transitional rules. The guide also highlights the VAT common issues.

A summary of the guide shall be issued in due course.

For more information, please contact us.
 

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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