» News
Bahrain Oil Products to be Excluded from VAT Implementation

2018-12-26 - 10:06 p
Bahrain Mirror- Reuters: Bahrain will exclude oil products from a value-added tax (VAT) due to be implemented next year, part of an essential goods exclusion from the tax, Oil Minister Mohammed bin Khalifa al-Khalifa said on Tuesday in remarks carried by the state news agency.
Bahrain's upper house gave final approval to a draft law of the tax in October.
Introducing VAT at 5 percent was part of a Gulf Cooperation Council agreement in 2018, a big step for governments that have traditionally levied little tax and relied instead on oil revenues.
Read More
- 2023-02-08Former UK Labour Party Leader: Indicting Bahrain for Spying on Activists is Crucial Step towards Justice
- 2023-02-08BFHR Organizes Symposium on Prisoners of Conscience: Their Recordings Revealed Part of Ill-Treatment
- 2023-02-08President of Alba's Trade Union Summoned Again over His Demands to Dispense Overtime wages
- 2023-02-08Bahrain Loses State Immunity Bid in Dissidents' Spyware Lawsuit in UK
- 2023-02-08French Newspaper: Bahrain behind Anti-Qatar Campaign