Bahrain: Transition rules for VAT rate change

The transition rules and guidance illustrate the application of the VAT rate increase with examples.

The transition rules and guidance illustrate the application of the VAT rate increase.

The National Bureau for Revenue (NBR) in late December 2021 issued transition rules with examples regarding the value added tax (VAT) rate change.

Legislation to increase the VAT rate to 10% (from 5%) was effective 1 January 2022. Read TaxNewsFlash

The transition rules and guidance illustrate the application of the VAT rate increase with examples.

Following the VAT rate, the NBR published updated versions of the following VAT guides:

  • Imports and exports VAT guide
  • VAT registration guide
  • VAT retail and wholesale guide
  • VAT financial services guide

Read a  January 2022 report [PDF 229 KB] prepared by the KPMG member firm in Bahrain that provides a summary of the changes in these VAT guides.

Read more about the VAT guidance in a January 2022 report [PDF 112 KB] prepared by the KPMG member firm in Bahrain 

 

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