Posted on 27 June 2020
Bahrain’s National Bureau for Revenue (NBR) has issued details on the VAT treatment of obsolete stock in the technical FAQs on their website, along with the Obsolete Declaration Form. Please refer to points 8.30 to 8.36 for more details.
The Obsolete Declaration Form to be used by taxpayers to notify NBR of any obsolete stock that they intend to dispose is available on NBR’s website under VAT e-services section.
You can access Law including Guidelines, Cabinet & FTA Decisions, Public Clarifications, Forms, Business Bulletins for all taxes (Vat, Excise, Customs, Corporate Tax, Transfer Pricing) for all GCC Countries in the Law Section of GCC FinTax.
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