Guidance on transitional rules on Value Added Tax rise 1 January 2022 The Bahraini National Bureau for Revenue has issued implementation guidance for the rise on VAT from 5% to 10% from 1 January 2022. This covers when to switch VAT rate, time of supply
Gulf state not to follow Saudi Arabia and Bahrain with COVID-19 VAT rises The Omani Ministry of Finance has restated its commitment to a 5% standard Value Added Tax rate. There will be no rise in 2022. This comes despite Saudi Arabia (15%) and Bahrain (10%)
Shura Council and Council of Representatives have now both approved VAT hike due to COVID-19 pandemic The Arab Gulf Kingdom of Bahrain will raise its standard Value Added Tax rate from 5% to 10% from 1 January 2022 following the formal approval by upper house
Drop in oil prices and COVID-19 may force VAT hike The Arab Gulf state of Bahrain will raise its standard Value Added Tax rate from 5% to 10% from 1 January 2022. The hike is being impelmented as the state has struggled to contain its
