Vat Registration In Bahrain
The threshold for mandatory VAT registration in Bahrain is BD 37,500. Note:A non-resident person in Bahrain must register under VAT, regardless of the value of supplies, if he/she makes supplies for which VAT is liable to be charged. The person can take registration either directly or through a tax representative. The Value Added Tax (VAT) Law in Bahrain has been published and confirms that VAT will be introduced in Bahrain on 1 January 2019. The Bahrain VAT Law differs from the VAT rules of the United Arab (UAE) and the Kingdom of Saudi Arabia (KSA), in particular around the zero-rating and VAT exemption provisions. 5% Value Added Tax (VAT) has been applied in the Kingdom of Bahrain from 1 January 2019. The National Bureau for Revenue (NBR) is the government agency responsible for implementing and managing VAT in Bahrain.
Who Can Register for VAT in Bahrain?
A business must register for VAT if its taxable turnover for any consecutive 12-month period exceeds the VAT registration threshold. The current VAT registration threshold (from 1 April 2017) is £85,000 but this tends to increase every year.
What is VAT Certificate?
VAT Certificate is a document that serves as an official confirmation that a business entity is registered under the VAT law for the purpose of tax collection at every step of product development.