The threshold for mandatory VAT registration in Bahrain is BD 37,500. BMS Auditing Bahrain is offering hassle-free VAT registration services in Bahrain.
The threshold for mandatory VAT registration in Bahrain is BD 37,500. BMS Auditing Bahrain is offering hassle-free VAT registration in Bahrain. Every business or individual in Bahrain should follow Bahrain’s VAT compliance and register with VAT. All the businesses must know, who is liable to register under VAT. However, there is an option to voluntarily register under VAT, while there are businesses that are totally exempted from VAT registration.
Registration follows a phased process wherein the business entities or the individuals within particular VAT supply groups need to register by specific dates.
Mandatory VAT Registration
Entities and individuals annually generate revenue more than the threshold of BHD 37500 and not more than BHD 500,000 annually are eligible for Mandatory VAT registration.
Voluntary VAT Registration
Entities and individuals generating revenue of more than BHD 18,750 annually are eligible for Voluntary VAT registration.
VAT Registration for Non-residents in Bahrain
Non-residents (without a fixed place for business or a fixed establishment) should register for VAT in 30 days from the first taxable stock to non-taxable persons, irrespective of the thresholds.
Non-residents could apply for VAT registration in Bahrain with the National Bureau for Taxation (NBT) directly, or by appointing a Tax representative to pay on their behalf.
There are certain VAT registration requirements in Bahrain. The important documents required to apply for the online VAT registration in Bahrain are as follows:
BMS Auditing operates an efficient tax section that handles various types of indirect tax through the best tax consultancy services in Bahrain. You provide the details by email. We need only a soft copy of the documents, as the registration is done online. Upon receiving the documents and the necessary information for VAT registration, and on approval, we continue with the registration on the NBR portal with your email ID.
On completing the form-filling process, the draft would be forwarded to you for review and final approval. You may note that we would submit the form only if you approve the details in the draft. The NBR would process your application and respond to confirm your Tax Identification Number.
Always feel free to contact BMS Auditing Bahrain and interact with our VAT team for any kind of assistance regarding VAT registration services and VAT services.
© 2024 Crivva - Business Promotion. All rights reserved.