VAT’s UP

Real Estate guide for Bahrain

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Summary of VAT on Real Estate sale/Lease

ExemptStandard rated
  •  Sale/lease of  property
  •  Sale/lease land
  •  Labour accommodation
  •  Car parking for > a month
  •  Serviced accommodation  more than a year
  •   Hotel accommodation  and related   services
  •   Paid car parking for period < 1 month
  •   Non Exclusive serviced office space
  •   Function hall
  •   Management services, utilities,     telecommunications etc
  •   Signage and permissions
  •   Services charged separately
  •   Furnished apartments   with  tourism  licence
  •   Storage services
  •   Short term retail and promotional stands
  • No VAT on furniture, unless charged separately from accommodation.
  • VAT to be charged on services provided in addition to serviced space
  • VAT to be charged on provision of space for retails and promotional stands for < 1 month
  • Normal place of rules applicable for insurance of real estate property

 

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