“The proposal is in line with what has been agreed in the Government Action Plan 2023-2026, which states improving nationals living standards, while protecting their rights for a decent living,” said the MPs in their written explanation attached to the proposal.
Bahrain currently imposes 10 per cent VAT on consumer goods with 94 exceptions, while an additional 100pc excise duty is imposed on cigarettes, tobacco products and energy drinks and 50pc on soft drinks.
Source: Zawya
Latest Posts in "Bahrain"
- VAT Refund Process in Bahrain for Foreign Businesses: Eligibility, Expenses, and Application Guide
- National Bureau for Revenue Updates VAT Guides on Manpower, Real Estate, and Financial Services
- Parliament to Debate VAT Exemption for Low-Income Bahrainis Earning Under BD600 Monthly
- Bahrain’s VAT Policy Praised for Transparency, Clarity, and Ongoing Taxpayer Engagement
- Bahrain Updates VAT Guide: New Rules for Outsourced Services and Employee Secondment
