VAT’s UP
Latest News Updates
VAT’s UP
Bahrain: Legal Action take against 18 Tax Violators
Manama May 26, 2022:
The Ministry of Industry in cooperation with the National Bureau of Revenue (NBR) began inspections in the city to trace down tax violators early this year. Inspections were carried out in nearly early 40 trading outlets across Bahrain to ensure stringent compliance with the readjusted VAT rules. The retail outlets found guilty of tax evasion are facing fines and jail terms.
Eighteen trading establishments are facing fines of up to 10,000 BD for having violated the VAT laws in the region. The lawbreakers can also be jailed for five years.
The ministry and NBR stressed the importance of complying with readjusted VAT regulations and urged customers to report defaulters on their hotline 80008001 or send an email to vat@nbr.gov.bh