RSS Feed
September 28th, 2021 
Awake Goy 
Bahrain’s government sent a draft bill to parliament for approval to amend the value-added tax rate, currently at five per cent, from next January, the state-run Bahrain News Agency said today.
Reuters reported the BNA did not say whether the amendment referred to a hike or a cut in the rate.
But a parliamentary source and a source close to the government told Reuters yesterday the government is considering doubling VAT to ten per cent to boost state revenues and reduce its budget deficit.
Bahrain introduced its new VAT system on 1 January 2019 in an effort to tackle its deficit.
READ: GCC countries to remain heavily dependent on oil for next decade
Related posts:
White Mother Shot While Protecting Daughter from Black Attacker in Critical Condition
Man who spent two decades in prison for double murder has charges dropped after DNA proves him innoc...
Iran envoy to UN slams the West’s double standards in terror fight
Netanyahu departs for Washington for signing of UAE, Bahrain normalization deals
Assange in the cross-hairs? 'Anonymous sources' report US is planning to formally press charges agai...
Netanyahu secretly flew to Saudi Arabia, met MBS and Pompeo, Israeli sources say
Views: 0
Posted in 
Tags: 
