GCC Indirect Tax Weekly Digest
February 16, 2021
NBR publishes updated imports and exports VAT guide
The Bahrain National Bureau of Revenue (NBR) has published an updated version of its Imports and Exports Value Added Tax (VAT) guide.
The key update to the guide clarifies that where an overpayment of import VAT is made, the overpaid amount can be recovered from the NBR.
Persons who are registered for VAT in Bahrain can recover the amount of overpaid import VAT as input VAT in their VAT return. Persons not registered for VAT can recover overpaid input VAT by making a claim directly to the NBR.
This digest is for information purposes only and should not be construed as advice. It does not necessarily cover every aspect of the topics with which it deals. You should not act upon the contents of this alert without receiving formal advice on your particular circumstances.