VAT’s UP
VAT’s UP
NBR conducts 375 Inspection Visits in the Kingdom
Date: 17 Jul, 2023
External URL: https://www.nbr.gov.bh/releases/160
Manama July 17 2023:
As part of its continuous monitoring efforts to protect the rights of consumers and enhance the level of tax compliance, The National Bureau of Revenue (NBR) carried out 375 inspection visits to local markets in various governorates of the Kingdom of Bahrain during the prior months.
These campaigns were carried out out of the Agency’s permanent keenness to enhance oversight of local markets in order to verify the compliance of commercial establishments. This includes the application of the digital stamp system on cigarette products and water pipe tobacco (Moassel) to ensure the extent to which shops are aware of the mechanism of applying the digital stamp system and the mandatory presence of these stamps on all cigarette products and water pipe tobacco (Moassel) in the local markets, and spreading the necessary awareness amongst shop owners.
Violators were imposed administrative fines in accordance with the law and may necessitate the closure of some stores. The tax authority is in the process of taking legal measures against the violating establishments, and referring those found guilty of crimes of evasion to the competent authorities to initiate a criminal case.
NBR Bans Circulation of Shisha Tobacco Products without Digital Stamps from June 18, 2023
Date: 14 Jul, 2023
External URL: https://www.nbr.gov.bh/releases/159
Manama July 14 2023:
The National Bureau of Revenue (NBR) calls on all importers and traders in the local markets to deal in appropriate quantities and not to store shisha tobacco products (molasses) that do not carry digital stamps, so that the stock is liquidated before the set date of June 18, 2023.
This is in preparation for the commitment to prohibit the possession, circulation, supply or sale of any of Hookah tobacco products that do not contain digital stamps in local markets. Therefore, after the set date, any product in the supply chain will either be destroyed or transported outside the territory of the Kingdom of Bahrain if it does not carry a valid and activated digital stamp.
It is worth noting that the digital tax stamp is a control system whereby a dedicated stamp containing security features and codes are placed on excise goods in order to track them from the manufacturing stage to the point of consumption. This systems aims at reducing illegal trade and protecting consumers against the circulation of unlicensed and counterfeit products.
NBR Updates VAT General Guide and Financial Services Guide
Date: 03 Jul, 2023
Manama July 3 2023:
The National Bureau for Revenue (NBR) updated the following value added tax (VAT) guides on 14 June 2023. The main updates are on the Treatment of Supply of Investment – Grade Gold.
The guides are uploaded on the NBR Site. Click the links below to view the updated guides.
Bahrain Releases Guide for Submitting the Value-added Declaration for the Year 2023
Date: 07 May, 2023
External URL: https://www.nbr.gov.bh/announcements#1
Manama May 07, 2023:
The National Bureau for Revenue (NBR) has released the first edition of the Guide to submitting a Value-added Declaration for the value-added periods for the year 2023. The guide is available on the website.
Click here to view the Guide.
Bahrain: NBR Conducts more than 490 Inspection Visits in Early 2023.
Date: 05 Apr, 2023
External URL: https://www.nbr.gov.bh/releases/155
Manama April 05, 2023:
As part of its continuous monitoring efforts to protect the rights of consumers and enhance the level of compliance of commercial establishments; The National Bureau of Revenue carried out 495 inspection visits to local markets in various governorates of the Kingdom of Bahrain during the months of January and February of 2023.
These campaigns were carried out of the Agency’s constant keenness to enhance oversight of local markets in order to verify the compliance of commercial establishments with respect to the proper application of value-added taxes, and also the application of the digital stamp system on cigarette products.
The campaigns were also directed to ensure the awareness of stores on the mechanism of applying the digital stamp system and the mandatory presence of these stamps on all cigarette products traded in the local markets.