Bahrain Updates General VAT Guide and VAT Retail and Wholesale Guide with Additional Guidance on the Profit Margin Scheme

Bahrain's National Bureau for Revenue (NBR) has published VAT General Guide Version 1.16, dated 20 September 2026. The updated version of the guide provides further details on the profit margin scheme (Section 17), whereby VAT is chargeable not on the total value of a supply, but only on the profit margin earned by the supplier. This includes the clarification that only goods that have previously been subject to VAT may qualify for the profit margin scheme. As such, used goods acquired befor…