Finance Ministry Says Bahrain Committed to Implement VAT in 2018
2018-01-03 - 9:39 م
Bahrain Mirror: The Ministry of Finance announced on Wednesday (January 3, 2018) its commitment to implementing the Value Added Tax (VAT) in 2018.
The ministry said that "the government will take all procedures in cooperation with the legislative branch to approve VAT law, prepare the private sector and the commercial institutions and ensure the provision of the needed logistic and technical preparations."
The VAT came into effect last December. It includes tobacco, soft drinks and energy drinks.
Saudi Arabia and Emirates started implementing VAT on the onset of the year. Meanwhile, Kuwait and Oman decided to postpone it.
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