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FAQs on Bahrain VAT Law

1. For whom VAT Law is applicable Applicability of VAT: a.For Suppliers,Taxable Supplies made by Taxable Person in the Kingdom b. For...

Deduction & Netting of Tax

Bahrain VAT Law Input Tax Deduction Article 42 states that a) Tax paid on input supplies during the tax period would be eligible for...

Tax Period and Tax Return

Article 35 states that The Authority shall prescribe a Period for which the taxable person shall pay the tax and file returns, and such...

Registration - Bahrain VAT

Article 29 states about Mandatory Registration A) Threshold - BHD 37,700 If the value of supply made by a person in the kingdom for the...

Tax Group

Article 2 (25) states that Two or more Taxable persons registered for VAT treated as a single taxable person under the provision of the...

What is meant by implementing States?

Article 2 Definition of Bahrain VAT Law States that The GCC states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab...

Place of Supply of Service

Article 16 of Bahrain VAT Law states that a) Place of Supply shall be treated as Supply made in Kingdom if the taxable supplier has a...

Deemed Supply & Valuation

Article 10 states that the taxable person is deemed to have been made supply in certain cases: 1. Use of Asset (originally purchased as...

Currency in Tax Invoice

Article 40 – For supplies in foreign currencies (say for exports), the value of supply shall be converted to Bahraini Dinars on date on...

Related Party Transactions

#Bahrain #VAT #Law A transaction between two parties (entity to entity or entity to person) who are already joined by a pre-existing...

Refunds

#Bahrain #VAT Article 57 of Decree Law specifies the refund provisions: Refund of Tax paid on Supply or Import of the following: (a) Any...