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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...

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....
VAT on currency conversion services in Bahrain

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...
Scope of VAT in Bahrain

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...
Annual supplies for VAT registration in Bahrain

Annual supplies for VAT registration in Bahrain

The value of annual Supplies must include, for the purposes of registration, the following: The value of Taxable Supplies of Goods and Services, with the exception of the value of Capital Assets The value of Deemed Supplies The value of Intra-GCC Supplies which would...

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