“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"
- MP Proposes VAT-Free Zone Near Khalifa Port to Boost Re-Export and Ease SME Cash Flow
- Bahrain Parliament to Debate VAT Exemption for Social and Youth Associations
- Two Indian Expats Face Trial for BD300,000 VAT Refund Fraud on Luxury Watches in Bahrain
- Bahrain Revises VAT Registration and Transportation Guides
- Bahrain Releases Updated VAT Registration Guide by National Bureau for Revenue
