Bahrain publishes the bilingual version of its VAT Executive Regulations has been saved
Bahrain publishes the bilingual version of its VAT Executive Regulations
The Kingdom of Bahrain National Tax Bureau (NTB) has issued its bilingual version of the Value Added Tax (VAT) Executive Regulations on their official website. A summary document of the regulations was also released in Arabic and English.
The Arabic version of the executive regulations was released earlier this month. As previously stated, the regulations provide the implementing guidelines for the Bahrain VAT Law, Decree-Law No. 48 of 2018 on Value Added Tax, which was published in October. The VAT Law refers extensively to the Regulations.
The VAT Law and Regulations will take effect on 1 January 2019, from which date VAT will be implemented in Bahrain.
To view our previous alert, available in both languages, which discusses the compliance obligations and action to take, please refer to the following link.