Bahrain set to double VAT to 10 per cent as parliament approves bill

Bahrain’s state legislature on Wednesday approved a bill to double the country’s Value Added Tax (VAT) from the existing 5 per cent to 10 per cent, Gulf Business reports.
The Shura Council; the upper house of the legislature, is expected to study the bill. If approved, the bill be put in force from January 1, 2022.
Bahrain, UAE and Saudi Arabia introduced a 5 per cent VAT. Oman joined the trio in April this year introducing a 5 per cent VAT on goods and services. Saudi Arabia last year tripled the VAT to 15 per cent while UAE ruled out any plans for VAT increase.

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