Bahrain to im­ple­ment VAT

Bahrain’s par­lia­ment has ap­proved the in­tro­duc­tion of 5% VAT from the start of 2019

Channel Middle East - - Contents -

Bahrain’s par­lia­ment has ap­proved the in­tro­duc­tion of 5% value-added tax (VAT) in the king­dom from 1st Jan­uary 2019.

Ac­cord­ing to the staterun Bahrain News Agency (BNA), the coun­try’s House of Rep­re­sen­ta­tives voted on the in­tro­duc­tion of VAT in an ex­tra­or­di­nary ses­sion ordered by royal de­cree.

The bill, which would see Bahrain join the UAE and Saudi Ara­bia in im­ple­ment­ing VAT, must also be ap­proved by the par­lia­ment’s

Up­per House, which is ex­pected to hold a sim­i­lar ses­sion later this week.

“The in­tro­duc­tion of VAT will be a big chal­lenge for the lo­cal Bahrain mar­ket,” said Michael Cam­burn, Bahrain In­di­rect Tax Leader at Deloitte Mid­dle East.

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