Blogs

VAT Treatment in Bahrain   Often, we come across the situation when more than one product is being sold. What will be the VAT Treatment In Bahrain for such supplies? The Bahrain VAT Law urges the applicatio...

Reverse Charge Mechanism in Bahrain  Reverse Charge Mechanism Under Bahrain VAT Law: Can a VAT payer opt for Reverse Charge Mechanism in Bahrain on Local supplies? The output VAT liability is triggered as soon as a trans...

Out Of Scope Transactions Under Bahrain VAT Law It is important for a VAT payer in Bahrain to determine whether the transaction made by him is within the scope of Bahrain VAT Law or is it outside the scop...

 Tax Due Date On Goods and Services Under Bahrain VAT Law The tax due date is the date on which VAT is due on a taxable supply in Bahrain. This is an area of concern as the tax due date decides the relevant VAT return in w...

Profit Margin Scheme in Bahrain   As per the Bahrain VAT Law, the general rule of the calculation of the VAT amount is that the VAT amount would be the value of supply multiplied by the rate of VAT as a...

VAT in Bahrain Case Study Many products are sold in the Bahrain market with a warranty that usually covers the reliability of goods for a specified period during which the goods are expected to be non-faulty. Coming to the purview...

Tax Invoice in Bahrain The tax invoice in Bahrain is one of the most important documents evidencing the amount of Output VAT collected and the claim on the Input VAT paid. The Bahrain VAT Law has specified certain...

Economic Substance Regulation in Bahrain Economic Substance Regulation is introduced in the Kingdom of Bahrain with effect from the year 2019. The Action of implementation of Economic Substance Regulation in the Kingdom o...

VAT Return in Bahrain The VAT Return filed by an entity for VAT in Bahrain be subject to errors due to different reasons or may require any adjustment in any subsequent VAT Return Filing period. For example, VAT charged o...

VAT De-Registration in Bahrain There may be different reasons why a previously VAT Registered company in Bahrain may choose to apply for VAT De-Registration in Bahrain. These reasons are expected to fall within the VAT-re...