- A bill under review would stop unpaid invoices from creating VAT liability before suppliers are paid by government bodies.
- It would make the tax point for government supplies the date payment is received, not the invoice date.
- Supporters say this would ease cash-flow pressure on firms, especially when government payments are delayed for months.
- The proposal aims to improve tax fairness and align VAT timing with actual cash received, citing constitutional principles of social justice.
Source: newsofbahrain.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.
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