The Bahrain's Nation Bureau for Revenue has released the Imports and Exports VAT Guide. Key points of the guide are summarized as follows:
- In the case of the import of goods into Bahrain, the imports will be subject to VAT at the standard rate of 5%, unless they are specifically exempt from VAT at import. The guide stresses that goods that benefit from a customs duty exemption remain subject to VAT at import at the standard rate (unless a specific exemption applies);
- Cases where imports of …