Bahrain's National Bureau for Revenue (NBR) has released VAT Transfer of a Going Concern Guide which sets out general principles relating to the concept of VAT on transfer of a going concern. The surrender by a VATable person of his economic activity is often referred to as “a transfer of a business as a going concern” or “TOGC” . This guide will aid to determine whether the transfer of a business may be the surrender of an economic activity for VAT purposes, resulting in the transaction being outside the scope of Bahrain VAT.
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.