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Introduction of VAT

Introduction of VAT 

As per the Decree-Law No. 48 for the Year 2018 promulgating the Value Added Tax Law (“VAT Law”) and The Executive Regulations, The Kingdom of Bahrain has implemented  the Value Added Tax (“VAT”) effective from the 1st of January 2019 at a standard rate of 5% with certain supplies subject to a 0% rate. 

The BENEFIT Company would like to highlight that they are registered with the National Bureau for Revenue (“NBR”) for VAT purposes to comply with the VAT Law.

Click here to view The VAT registration certificate confirming our registration and outlining our VAT Account Number, [200000452900002]. 

 

VAT FAQs

Q1: What is Value-Added Tax (VAT)?

Value-Added Tax or VAT is an indirect tax on the consumption or use of goods and services levied at the point of sale and imports,

Q2: When will VAT be implemented in Bahrain?

VAT has been implemented in Bahrain starting from 1 January 2019.

Q3: What is the applicable VAT rate?

The applicable VAT rate is 5%

Q4: How will VAT apply to BENEFIT’s products and services?

BENEFIT will charge 5% VAT on its services payable through explicit fees and commissions. 

Q5: Where can I go to obtain more information on VAT?

More information on VAT is available on the National Bureau for Revenue website.

VAT