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Bahrain Approves Agreement on Introduction of VAT

|Approved Changes|Bahrain
Bahrain

According to a release from the Bahrain News Agency, the Minister of Finance Sheikh Ahmed Bin Mohammed Al Khalifa signed the Gulf Cooperation Council (GCC) Unified Agreement for Value Added Tax (VAT) on 1 February 2017. Under the agreement, a 5% VAT is to be implemented in 2018. Additional details of Bahrain's implementation will be published once available.

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