close
Share with your friends

Persian Gulf: VAT expected in 2020 (Qatar); monthly VAT filing guidelines (Bahrain)

Persian Gulf: VAT expected in 2020 (Qatar)

The KPMG member firm in the United Arab Emirates (UAE) prepared a report that briefly describes the following tax developments from countries that are members of the Gulf Cooperation Council.

1000

Related content

  • Saudi Arabia: Customs authorities introduced a self-correction program (a voluntary compliance initiative) to allow importers to declare and pay customs duties for any pending customs liability.
  • Qatar: The value added tax (VAT) regime is expected in 2020.
  • Bahrain: The tax authority released guidance concerning the VAT regime. In general, those remitting VAT in Bahrain of an amount equal to or less than BHD 3 million (approximately U.S. $7.9 million) in annual taxable supplies are to file on a quarterly basis (but can request to file on a monthly basis). Those with more than BHD 3 million in annual taxable supplies must file on a monthly basis.


Read a March 2020 report prepared by the KPMG member firm in the UAE

Read also a July 2020 report prepared by KPMG International

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal