Bahrain Parliament Approves VAT Law
News

    20-Oct-2018

  • Bahrain Parliament Approves VAT Law
  • Source :
MANAMA - On 8 October 2018, Bahrain's Consultative Council (Upper House of Parliament) approved Decree-Law No. 48 of 2018 for the implementation of a value added tax (VAT) regime, which was approved by the Council of Representatives (Lower House of Parliament) a day earlier. 
 
As previously reported, the VAT regime is to apply as from January 1, 2019, with a standard rate of 5% in line with the Gulf Cooperation Council (GCC) VAT agreement. 

Source: Orbitax
 
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