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FinancialNews


  • 08-10-18

    Bahrain to introduce VAT Jan 2019

    (MENAFN) Bahraini lawmakers were announced to have passed a plan to implement the Value Added Tax (VAT) early next year.

    The Value Added Tax (VAT) is to be introduced in Bahrain starting January 1st of next year, at a rate standing at 5 percent.

    Bahrain's parliament was also confirmed to have accepted a plan on new pension regulations for public representatives, shrinking benefits.

    The Bahraini parliament approved of the plan during a special session as members cast their votes behind closed doors on Sunday.

    VAT has already been introduced in the UAE and Saudi Arabia on January 2018 on products as well as services.

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