top of page

Most important Transitional Provisions every businessmen should beware of Bahrain VAT.

Writer's picture: Varun | NareshVarun | Naresh

Article 75 - Date of Supply after law implementation: If an invoice is issued prior implementation of the law, but supply is made after implementation date, VAT shall be applicable for such transaction and thus supplier has to issue a supplementary invoice. (to collect and pay VAT)

Supply made after implementation date means - Delivery of Goods to customer or Completion of Service after commencement date of law (01st Jan 2019).

Advisory Note: If it is unsure that delivery of goods or completion of services are not to be completed before implementation date(01st Jan 2019), do not raise invoice before said date. It is advisable to issue invoice with proper VAT after implementation date to avoid documentation misunderstandings.

25 views0 comments

Recent Posts

See All

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...

Comments


bottom of page