News & insights
Bahrain: VAT Rate Applied on IP Matters
July 1, 2019
Starting July 1, 2019, professional charges in Bahrain will be subject to five percent Value Added Tax. This comes after the release of the VAT regulations in the country and the publication of the VAT Law in January 2019.
Each member state of the GCC is now expected to establish its own separate national legislation concerning the VAT and the detailed compliance requirements and set of rules will be outlined in the respective legislation. We expect the remaining GCC countries, namely Kuwait, Oman, and Qatar, to follow suit and adopt the VAT.
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