Following the publication of the Value Added Tax Law (“VAT Law”) in October 2018, the Bahrain Ministry of Finance (“MoF”) has now released the VAT Executive Regulations. The Regulations provide further details on the application of the VAT Law that will take effect from 1 January 2019 including compliance matters, and the scope of the zero rating and exemptions described at a high-level in the VAT Law.
With very little time until the introduction of VAT, businesses must act now to comply with VAT from 1 January 2019.
Read here in-depth the analysis on key areas of the Regulations and what issues businesses need to consider now.
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