VAT in Bahrain – Tax Services

VAT in Bahrain - Tax Consultancy Services

The Kingdom of Bahrain has introduced Value Added Tax (VAT) from 1st January 2019. VAT in Bahrain has been implemented at a standard rate of 5%. The GCC (Gulf Co-operation Council) countries have agreed ‘in principle’ to the GCC VAT Agreement to levy VAT in the region and is agreed by the GCC countries that VAT will be introduced in every country.

VAT Implementation in Bahrain is expected to take over a patterned shift in the business structure of the region. Businesses in those GCC countries for those who have adopted to VAT principles and regulations will have to now comply properly with the Bahrain VAT law. Once a business progresses with VAT Registration, they will also have to file for VAT Return Filing on a periodic basic as per their tax period mentioned by the National Bureau for Revenue (NBT).

VAT is the commonest types of consumption tax found around the world. Over 150 countries have implemented VAT which includes the European Union (EU), UK, Canada, New Zealand, Australia, Singapore, Malaysia, India etc. USA, GCC countries and some other countries, especially from African continents, have not introduced VAT.

What is VAT?

Value Added Tax (VAT) is an indirect tax charged on selected goods and services bought and sold by businesses.

How does VAT work?

» VAT is a type of general consumption tax that is collected incrementally, based on the value added, at each stage of production or sales.
» It is usually implemented as a destination-based tax.
» It is imposed on most supplies of goods and services that are bought and sold.
» It is charged at each stage of the ‘supply chain’.
» The difference between tax received/receivable from the customers & the tax paid/payable to the tax supplier & service provider is the net liability to be paid or refund can be done from the tax authority.
» The tax return has to be filed on monthly/quarterly/half yearly basis, as prescribed by the Authority.

Our VAT Services in Bahrain:

VAT Registration

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VAT Return Filing

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VAT Training

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VAT Consultancy

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VAT Deregistration

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Accounting for VAT Compliance

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Emirates Chartered Accountant Bahrain is one of the group company of Emirates Chartered Accountants Group headquartered in Dubai, UAE. We horn expertise in providing the best VAT Consultancy Services in UAE. We are registered TAX Agent in the region registered as ECA Taxation Procedures Follow Up L.L.C under the Emirates Chartered Accountants Group in order to provide the services as a Tax Agent to our clientele.

Our VAT Service in UAE comprises of below:

Tax Agent

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VAT Return Filing

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VAT Implementation

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International Taxation

VAT Registration

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VAT Consultancy

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VAT Consultancy

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VAT Implementation

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Tax Audit Service

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Excise Tax Advisory

For more information please contact.

For VAT in Bahrain
Bichin Raj
+973 3619 8998
br@emiratesca.com

For VAT in UAE
CA. Manu
+971 502828727
manu@emiratesca.com

Emirates Chartered Accountants Group continuously delivers results on projects and provides a high quality of service. The engagement teams are knowledgeable, extremely responsive and professional. As promised, they consistently spend the extra time tailoring every request and deliverables to our needs to minimize the time required by us.

Mr. Jashvant Prajapati
Senior Business Development Manager, SHURAA

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