VATupdate

Share this post on

Proposal seeks to Exempt Low-Income Citizens from Taxes

“The proposal is in line with what has been agreed in the Government Action Plan 2023-2026, which states improving nationals living standards, while protecting their rights for a decent living,” said the MPs in their written explanation attached to the proposal.

Bahrain currently imposes 10 per cent VAT on consumer goods with 94 exceptions, while an additional 100pc excise duty is imposed on cigarettes, tobacco products and energy drinks and 50pc on soft drinks.

Source: Zawya

Sponsors:

Advertisements:

  • VAT news