Blogs

Introduction to Bahrain\'s Domestic Minimum Top-Up Tax (DMTT) On September 1, 2024, Bahrain set a regional milestone by introducing the Domestic Minimum Top-Up Tax (DMTT) via Decree-Law No. (11) of 2024. Effective January 1, 2025, Bahrain wi...

 VAT Implications of International Brand’s Marketing Support VAT Implications of International Brand’s Marketing Support: Ever noticed a local firm promoting a brand from another country in Bahrain? This isn\'t just a coincidence; it\'s...

Navigating VAT Due Dates and Deemed Supplies: A Comprehensive Guide for Retailers and Wholesalers in Bahrain VAT due date for supplies in the Retail and Wholesale sector Let’s discuss what is VAT due date and how it is determined...

UNDERSTANDING THE VALUE OF SUPPLY IN THE RETAIL AND WHOLESALE SECTOR Once we identify the place of supply and confirmed that the Bahrain VAT Law will be applicable. The next step for a supplier is to determine the value of the s...

Documents needed for Import VAT claims through a clearing agent A taxable person in Bahrain can recover the Import VAT paid at the customs as normal Input VAT subject to the condition laid out in Input VAT recovery rules as per the Bahrain V...

VAT treatment on asset financing Businesses often purchase assets and pay in installments. The installment payment may or may not be subject to charges. In the case of asset financing, credit facility or financing service ar...

VAT on Electronic Service Electronic services are an integral part of our day-to-day life. We use many electronic services such as buying a zoom subscription to conduct online meetings, subscription to OTT platforms to watch...

VAT Return post VAT rate increase A VAT return is an official document submitted to the NBR which summarizes the total of sales, purchases, and the VAT liability/refundable amounts. The VAT return form is available in the VA...

VAT in Bahrain- Bahrain VAT Rate increases from 5% to 10% Transitional Rules Bahrain VAT rate increases from 5% to 10%  with effect from 1 January 2022, all goods and services will be subject to 10% VAT, unless the...

Export of Service under Bahrain VAT Many retailers in Bahrain provide various services to their suppliers outside Bahrain. Can all of these be treated as export of service? Are there any conditions to be met for services pro...