The National Bureau for Revenue (“NBR”) has published a new guideline named ‘Change of VAT Return Filing Frequency Manual’ in support of Article (48) of the Bahrain VAT Executive Regulations.
According to Article 48(A) of Bahrain VAT Executive Regulations, VAT payers in Bahrain with less than or equal to BHD 3 million in annual taxable supplies are set to file on a quarterly basis while VAT payers with more than BHD 3 million are expected to file on a monthly basis.
Source: KPMG
Latest Posts in "Bahrain"
- Bahrain Updates VAT Registration Guide, Raises Penalties for Late Filing
- Bahrain Publishes Processing Timelines for VAT Registration and Profile Amendments
- Bahrain Updates VAT Deregistration Manual and Registration Guide
- Bahrain Updates VAT General and Retail-Wholesale Guides
- Bahrain Clarifies Eligibility for the VAT Profit Margin Scheme on Used Goods
