VAT Registration

• Evaluating analyzing client’s business requirement to get register for VAT purpose Mandatory or Voluntary
• Assist in making valid application for registration
• Group registration or individual registration as per legislation
• Assisting clients in collating the information required for registration

We support our clients in completing the registration process. We ensure that none of the application is rejected we make sure that we receive TRN for all eligible business at the earliest, we assist our clients in collating the information required for registration.

The following business is the ones who should and can apply for VAT in Bahrain registration on 1 January 2019, as per National Bureau for Revenue (NBR):

• Annual turnover is more than BHD 500,000 (A must registration)
• Annual turnover is between BHD 37,500 and BHD 500,000 (A must registration)
• Annual turnover is less than BHD 37,500 (Optional Registration)

About VAT registration:

1. Mandatory Registration:
   Any business is required to register if they fall into the following classifications:

• For over the 12-month period, the taxable supplies of the business go beyond the mandatory registration threshold, or
• The business expects to make taxable supplies in the next 30 days that will have a value that is more than the mandatory registration threshold, or
• The amount of mandatory registration threshold is BHD 37,500.

1. Voluntary Registration:
   Any business that does not meet the mandatory registration criteria and falls into the following classifications may opt for a voluntary registration:

• In the previous 12-month period, their taxable supplies or taxable expenditures are worth more than the voluntary registration threshold, or
• The business expects for their taxable supplies or taxable expenditure for the next 30 days to be worth more than the voluntary registration threshold, or
• The amount for the voluntary registration threshold is BHD 18,750.

VAT GROUP:

A group of companies may register under a single VAT registration entity if they meet the eligibility requirements. Such a group is considered as a single taxable entity and allowed to balance the tax credit of member companies. Trade within group companies also does not attract tax. Eligibility to form a VAT Group has been announced and the businesses that satisfy certain requirements covered under the Legislation will be able to register as a VAT group.

CHAT WITH US +973 77090288 OR +973 336553365 – EMAIL US info@perfectbalancebh.com