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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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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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VAT on Barter exchange in Bahrain

Barter Exchange is a system of exchange where participants in a transaction exchange goods or services for other goods or services instead of using money as a mode of consideration. Barter exchange may include an exchange of goods in return of services, exchange of...

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Registration by non-resident in Bahrain

A non-resident person is a person who does not have a place of residence in Bahrain by way of a place of business, fixed establishment or a usual place of residence, as defined by the VAT Law. If you are a non-resident taxable person, you must register for VAT in...

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VAT on samples and gifts distributed

Goods or services provided free of cost or as a gift are referred to as Nominal Supply of Goods or services in the Kingdom of Saudi Arabia (KSA). A nominal supply is an event which does not involve the supply of goods or services for consideration but is deemed by the...

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VAT on issue of Vouchers in Bahrain

What is Voucher? Vouchers, for the purpose of VAT, are defined as electronic or written instruments, to which a monetary value is attached (face value), and which grant their holder: The right to receive goods or services equivalent to their face value, or The right...

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VAT implication on Government bodies in Bahrain

VAT on supply made by government bodies (including Ministries) Government Bodies includes Ministries, government agencies, institutions and public bodies in the Kingdom. Government bodies and public entities are usually not considered as carrying on an economic...

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Methods of input tax apportionment

The FTA has introduced multiple input tax methods for apportionment of input tax since each business is different and a standard method of apportionment may not be appropriate in each situation. The special input tax apportionment methods which are available to...

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