What is Voluntary VAT Registration &Mandatory VAT Registration Under VAT in Bahrain?
VAT registration is required for all companies whose taxable turnover exceeds the mandatory VAT registration threshold, ie BHD 37,500/. However, Voluntary VAT Registration option is available for a business having turnover BHD 18,750 or more, but less than BHD 37,500/. National Bureau of Taxation has given an extension for companies to registering under mandatory options as follows:
However, companies falling under mandatory VAT registration option can register even before the extended period voluntarily. For example, if ABC WLL has turnover BHD 100,000/ for the last 12 months, it is not necessary for the company to wait till 20th December to register under National Bureau of Taxation. It can proceed for registration at any time before that.
What are the benefits for companies registering under voluntary VAT registration option under Bahrain VAT?
The benefits of opting the voluntary VAT registration in Bahrain are given below:
We Emirates Chartered Accountants Group has a team of tax professionals at Bahrain to support the business community. Our vast experience in implementing VAT in the UAE as well as in India is a competitive advantage for us for serving better in the Kingdom of Bahrain. We provide the below-mentioned VAT Services in Bahrain:
Our wide range of services includes:
Please feel free to contact our below representatives:
VAT Services in Bahrain
Mobile: +973 3619 8998