Bahrain has voted to implement VAT on 1 January 2019. The draft law has now been released and is available on our website:
For non-Arabic speakers, we will be producing an unofficial translation of the law as soon as possible. For your convenience, the PDF is broken down into:
- Page 5 refers to extraordinary meetings of the two chambers of parliament called to debate the law
- Pages 6-19 cover the international crime law (Decree 44)
- Pages 20-21 covers retirement and end of services benefits for ministers and parliamentarians (Decree 45)
- Pages 22-28 covers Bahrain’s economic stability programme (Decree 46)
- Pages 29-59 covers the ratification of the GCC treaty (Decree 47)
- Pages 60-95 is the VAT law (Decree 48)
- Pages 96-102 is the decree to establish and organise the national taxation authority
Highlights of Bahrain’s VAT law
With Bahrain’s parliament having voted to implement VAT in the kingdom on 1 January 2019, there is now very little time for businesses in Bahrain to prepare for the challenges and opportunities that VAT will offer. Keypoint’s VAT team – the largest specialist team on the island – has analysed the draft law and highlighted some of its key impacts, both on the economy as a whole and on specific economic sectors.
To discuss VAT with one of our VAT specialists, contact the VAT team at email@example.com or +973 1720 6809.