Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_bahrian_300
banner_bahrian_600
banner_bahrian_600

Bahrain government approves value-added tax increase to 10%

The Bahraini Cabinet approved a draft law amending the value-added tax, and increasing it from the current 5% to 10%, starting from January 2022.

The Council referred the draft law amending the value-added tax to Parliament for approval.

The Bahrain government said in a statement on Monday that the annual growth of real GDP reached 5.7 percent in the second quarter of 2021.

Nominal GDP grew 20.7 percent on an annual basis in the April-June period, while non-oil GDP grew 12.8 percent, according to a cabinet statement, according to “Reuters”.

The Kingdom of Bahrain started applying value added on January 1, 2019 at the basic rate of 5% on all goods and services, with the exception of some goods and services that are subject to value added at 0% or those exempted from value added as specified in the value-added law and its executive regulations.

 

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed