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VAT free food products – Bahrain

List of food products which are VAT free in Bahrain as notified by NBR are: Water Natural water | Artificial mineral water | Ice | Sparkling water and Soda Water (Except sweetened and fl­avoured) Milk Milk: Fresh or long life milk (the types available in the market)...

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Certificate of Refund Entitlement for Expo 2020 Dubai

What is the Certificate of Refund Entitlement? An Official Participant of the Expo 2020 Dubai (both registered and not registered for VAT) must apply for a Certificate of Refund Entitlement before attempting to reclaim VAT on Goods and Services without the need to use...

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How to compile data for VAT return?

How to file VAT Return? The VAT Return Form is the official document summarizing for a given tax period, the total output tax due and the total input tax recoverable. The form is the same, whether a taxpayer is subject to quarterly tax periods or monthly ones....

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VAT on services by Banks in Bahrain

Certain services typically performed by banks and similar organisations in connection with the operation of current, deposit or savings accounts.  Services of operating bank accounts might notably include the following: Provision of debit cards Provision of cheque...

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VAT on currency conversion services in Bahrain

A financial service will be exempt from VAT if the income earned by the supplier is by way of interest, a profit margin akin to interest or by way of an implicit margin. The implicit margin condition is usually met when the supplier specifically seeks to generate...

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Documents for VAT purpose

What documents are required to be maintained for VAT purpose? A Taxable Person shall keep and retain accounting books and records for Tax purposes, including all of the following: Accounting books related to the Taxable Person’s work (all of the transactions according...

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Scope of VAT in Bahrain

Tax is imposed on all Taxable Supplies by a Taxable Person in the Kingdom. It is also imposed on Goods and Services received by the Taxable Customer in instances where the Reverse Charge Mechanism applies. It is also applicable to Import of Goods in accordance with...

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Import Export under Bahrain VAT

Conditions for export of service under VAT Export of services will attract a zero rate of VAT provided all of the following conditions are met: The customer receiving the service does not have a place of residence in Bahrain. The customer must not be present in...

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