The National Bureau for Revenue (NBR) announced its interest in receiving support for reviewing the legal framework and the legislative tools to consider future digitalization opportunities.
Bahrain is not the only country in the GCC that has expressed interest in adopting e-invoicing and CTC (continuous transaction controls) to achieve certain goals, such as having tax data available in a standard and accurate format, increasing transparency, facilitating the audit process, and reducing the shadow economy.
Source Pagero
Latest Posts in "Bahrain"
- Bahrain Updates Global Minimum Tax FAQs and VAT Deregistration Manual for Enhanced Compliance
- Bahrain Updates DMTT FAQs and VAT Deregistration Guidance for Enhanced Tax Compliance
- NBR Releases Updated VAT Deregistration Manual with Step-by-Step Guidance
- 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
