- Bahrain’s National Bureau for Revenue updated its VAT registration guide, reaffirming that resident businesses must register once annual taxable supplies exceed BHD 37,500 in the previous 12 months or are expected to exceed that amount in the next 12 months.
- Registration must be completed within 30 days after the end of the month in which the threshold was exceeded, or within 30 days before the month in which the threshold is expected to be exceeded.
- Late VAT registration can trigger fines of up to BHD 10,000.
- The guide also notes mandatory registration in some cases with no threshold, but the snippet does not provide the full details.
Source: news.bloombergtax.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.
