Bahrain: Tax authority issues VAT return guidance
VAT return filing guidance for tax periods in 2022
VAT return filing guidance for tax periods in 2022
In Bahrain, the standard rate of value added tax (VAT) increased to 10% (from 5%) with a one-year transitional period, effective 1 January 2022. Under the transitional rule, supplies made during 2022 pursuant to a contract signed on or before 23 December 2021 are subject to VAT at a rate of 5% until the contract expires, is renewed or is amended (whichever is earliest). Read TaxNewsFlash
The National Bureau for Revenue (NBR) has released:
- VAT return filing guidance [PDF 3.7 MB] for tax periods in 2022
- A manual for simplified VAT return filing [PDF 3 MB]
The guidance and manual are in English.
Read a February 2022 report [PDF 111 KB] prepared by the KPMG member firm in Bahrain
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