The Bahrain's Nation Bureau for Revenue has released the Imports and Exports VAT Guide. Key points of the guide are summarized as follows:
Note, a GCC Implementing State a GCC Member State that has implemented national VAT legislation compliant with the GCC framework and that recognizes Bahrain as an Implementing State. In this respect, the guidance includes that Bahrain does not currently recognize any other GCC Member States as Implementing States for the purpose of VAT. Until further notice, any transaction involving another GCC Member State is treated, for VAT purposes, as a transaction involving a non-Implementing State.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.