- The Bahrain tax authorities (NBR) conducted 296 inspections in April and May 2024
- Inspections were part of campaign to enhance VAT compliance in Bahrain
- 69 violations were reported, leading to administrative fines
- Some violations may be considered as cases of tax evasion and will face legal proceedings
Source: assets.kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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
