Blogs

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...

Accounting and Bookkeeping in Bahrain The National Bureau for revenue has made it mandatory for all the VAT payers to maintain proper books of accounts relating to the taxable business transactions. Though NBR has made this...

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...

VAT treatment for retail concession stores. We often come across shops within a shop. That is the process of one company selling its products in the outlet of another company. Some retail stores allow other retailers to open...

What is a Certificate of Residence (COR)? A tax residency certificate is an official document issued by the government of a country o confirm that the applicant is a resident of the country for tax purposes...

VAT treatment on adjustments made to the consideration On the sale of a product or service which is subject to VAT at 5% as per the Bahrain VAT Law, the VAT payer will need to identify the value on which VAT rate at 5% is to...