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FinancialNews


  • 03-01-19

    Bahrain implements VAT on goods, services

    (MENAFN) Bahrain was announced to have implemented the value-added tax (VAT) to products and services on Thursday.

    It comes after the Bahraini government passed a proposal the Ministry of Finance and National Economy presented for the exemption of 1,400 government services.

    The VAT was confirmed to be effective in the first half of the year on firms and institutions with yearly sales that go beyond USD13 million.

    The country is also exempting 94 products and services, including financial services, fuel, real estate and land transport services.

    MENAFN0301201900450000ID1097917768

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