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Bahrain’s Shura Council Approves Selective Taxation VAT
2017-11-13 - 10:25 p
Bahrain Mirror: The Bahraini legislative Shura Council yesterday approved by an overwhelming majority the joining of the Kingdom of Bahrain in the unified GCC agreement on selective taxation and Value Added Tax (VAT), less than a week after the House of Representatives passed it.
Council members commended during the council's regular weekly meeting held on Sunday (November 12, 2017) the bill, which stipulates imposing taxes on selected products that are harmful to health including soft drinks (50 percent), tobacco (100 percent) and energy drinks (100 percent).
After the approval of the legislative authorities, the bill will be referred to the cabinet for final approval before it could be implemented as a new law.
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