- In the GCC, Saudi Arabia and the UAE were the first to introduce a VAT system in January 2018
- Bahrain followed a year later, and Oman brought in the tax in April 2021
Bahrain, the smallest Gulf country, is planning a 100 percent increase in the value-added tax or VAT rate, effective from January 2022.
In the GCC, Saudi Arabia and the UAE were the first to introduce a VAT system in January 2018. Bahrain followed a year later, and Oman brought in the tax in April 2021. Qatar and Kuwait have yet to introduce it.
The initial rate of VAT in the four countries was 5 percent. However, Saudi Arabia tripled its VAT rate in July 2020 to 15 percent, and it seems Bahrain will now double its rate to 10 percent.
Source Trendsmena
- For all other newsitems on VAT in UAE, click HERE
- For all other newsitems on VAT in Bahrain, click HERE
Latest Posts in "Bahrain"
- Bahrain Revises VAT Registration and Transportation Guides
- Bahrain Releases Updated VAT Registration Guide by National Bureau for Revenue
- Bahrain’s NBR Publishes Updated VAT Registration Guide
- Bahrain Releases Updated VAT Guide for Imports and Exports, August 2025
- Bahrain and Russia Sign Customs Mutual Assistance Agreement
