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Bahrain Provides Guidance on Transitional Rules for Increase in the VAT Rate

|Approved Changes|Bahrain
Bahrain

Bahrain's National Bureau for Revenue (NBR) has published English-language guidance on transitional rules for the increase in the standard VAT rate from 5% to 10% effective 1 January 2022. The guidance provides that, in general, the 10% VAT rate applies on standard-rated supplies and imports made on or after 1 January 2022. However, certain transitional rules apply considering the date that th…

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