Finance Ministry: VAT will be Implemented on Companies with Sales Exceeding BD 5 Million Annually
2018-11-29 - 9:23 p
Bahrain Mirror: The Assistant Undersecretary for Development and Revenue Policies in the Finance Ministry Rana Ibrahim Faqihi said that the Value Added Tax (VAT) will be applied starting January 2019.
She explained that the first phase of VAT implementation will be on companies with sales exceeding BD 5 million annually, adding that these firms must register with the National Bureau for Taxation (NBT), the entity in charge of managing the tax. Registration applications will be received until onset of January 2019.
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