The Bahrain National Bureau for Revenue has announced simplified VAT return requirements for VAT taxable persons whose supplies are less than BHD 100,000 per year. Bahrain introduced its VAT regime with effect from 1 January 2019, with an initial registration and return requirement for suppliers with annual sales exceeding a BHD 5 million threshold, which was reduced to BHD 500,000 from 1 July 2019 and to BHD 37,500 from 1 January 2020. Under the simplified VAT requirements, taxable persons …