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World VAT/GST News

World VAT/GST News – November 2018

By November 26, 2018July 10th, 2021No Comments

Bahrain 

The Bahraini government has voted in favour of implementing Value Added Tax (VAT) at a rate of 5% from 1 January 2019…

Bahrain 

The Bahraini government has voted in favour of implementing Value Added Tax (VAT) at a rate of 5% from 1 January 2019. 

Bahrain is part of the six-country Gulf Cooperation Council (“GCC”) consisting of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman. All of these countries had originally agreed to implement a harmonised VAT regime by 2018, however only the UAE and Saudi Arabia managed to implement a VAT system by this deadline.

 

The above information was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: contact@fiscalsolutions.co.uk.