Bahrain: New Value Added Tax

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Bahrain: New Value Added Tax

Following the recent introduction of value added tax in Saudi Arabia and the United Arab Emirates, VAT is expected to be introduced in Bahrain as of January 1, 2019. The VAT will apply to goods and services at the standard rate of five percent, with some limited exceptions on basic food items, healthcare, and education.

It is expected that the remaining GCC countries, which include Kuwait, Oman and Qatar to follow suit and introduce the VAT.

Source:  SABAIP.com