NBR releases VAT Economic Activity Guide

Bahrain's National Bureau for Revenue (NBR) has released VAT Economic Activity Guide which sets out general principles relating to the concept of an economic activity for VAT purposes. If a person is carrying out an economic activity in Bahrain, he may be required to register and account for VAT. The purpose of this Guide is to help a person determine whether or not he is conducting an economic activity for VAT purposes. 

The purpose of this Guide is to explain the concept of an economic activity with particular focus on: 

• What activities will typically be regarded as comprising an economic activity;
• When an activity is conducted independently;
• When an activity is conducted in an ongoing and regular manner; and
• When an activity will be regarded as being carried out for the purposes of generating income. 

This Guide also discusses when an economic activity starts and ends, and deals with specific cases where an economic activity is or is not carried out.

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.