Bahrain to Implement VAT on 1 January 2019
The Bahrain Parliament today approved the VAT Law and the new tax regime is slated to be implemented on 1 January 2019.
Information available in public domain reports that the VAT Decree Law has been passed, following a closed door meeting of the Parliamentary Finance and Economic Committee and the Chairman. The draft Decree Law and Executive Regulations are expected to be released in the coming days.
This move is a step towards fulfilling the Country’s obligation to implement VAT as per the Unified GCC Agreement
To be prepared within such short time, Businesses urgently need to assess the impact of VAT on their operations.
Reach out to us, to know more about the VAT Law in Bahrain and its Impact.
How can we help?
Rethink provides VAT advisory, optimization, implementation, compliance and training services in the Kingdom of Bahrain.
Our team is here to guide you through VAT law and regulations and ensure full compliance with the law.
We have a team of senior qualified tax advisors, finance experts, and tax accountants who will ensure timely and cost-effective VAT services.
Based on our local and international experience, we understand that VAT is a complex tax and will certainly suffer numerous changes in the upcoming years. Rethink VAT services are aimed to suit both basic and complex returns for SMEs and larger enterprises.
Who we are?
Re/think is a boutique accounting, audit, advisory, regulatory compliance and tax advisory firm with offices in Bahrain, Dubai and Abu Dhabi (ADGM), focused on providing businesses of varying sizes with timely, proactive, and customized business solutions from start-up and early development to the latest stages of a business lifecycle.
For further information and assistance with VAT, Customs or Excise registration in the Kingdom of Bahrain, please contact firstname.lastname@example.org.