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Ministers of Finance and Industry Hold Meeting with Chamber of Commerce to Discuss VAT Implementation

2018-12-25 - 8:51 p

Bahrain Mirror: An official statement said that Finance Minister Salman bin Khalifa Al Khalifa and Minister of Industry Zayed Al-Zayani will hold a meeting with Chamber of Commerce and Industry today to discuss the implementation of the Value Added Tax (VAT). The meeting follows royal directives issued by King Hamad bin Isa Al Khalifa to review the VAT implementation mechanisms.

The statement explained that the aim of the meeting is "to take the opinion of the Bahrain Chamber of Commerce and Industry on the mechanisms of applying VAT during the trial period fot its launch."

For his part, Minister of Industry Zayed Al-Zayani, chaired an emergency meeting with the Consumer Protection Department on price control procedures and the exemptions of basic goods and services from VAT.

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