Public Debt Crosses Borrowing Ceiling: Who's Responsible for this Financial Waste?
The big question remains in the minds of citizens: Why does the government of Bahrain continue to issue sukuk and borrow despite the high oil prices and the large amount of liquidity generated from the oil trade?
Retirees' Increase in Pay not Funded by Country's Surplus
The government's amendments to the retirement system made last April linked the annual increase of retirees' pay to the financial surplus.
2021 Panorama: Economic Recovery Plan Increases VAT and Environmental Damages
The government of Bahrain announced (November 1, 2021) an economic recovery plan after the failure of a similar plan it launched late 2018.
Citizens Flock to Stores Days before VAT Increases
Merchants and shopkeepers in Bahrain said that citizens intensified their purchases before the end of this year, to acquire a number of goods or buy devices and cars, days before raising vat to 10%.
MP Hamad Al-Kouheji: I Agreed on Increasing VAT after Consulting with People of My District
MP Hamad Al-Kouheji issued a statement justifying his approval of the VAT increase after sharp criticism of him and others who agreed on the VAT increase amid public discontent.
Ibrahim Sharif Criticizes MPs Deal to Increase VAT to 10% under Conditional Retiree Salary Increase
Former Secretary General of Wa'ad, Ibrahim Sharif, commented on the Parliament-government agreement that took place yesterday, as the Parliament passed the VAT bill that raised it to 10%, as well as sensitive fundamental amendments to the retirement law.
Bahrain Revenues to Rise by 1.8% as VAT Increases to 10%: Moody's
Moody's Agency predicts that Bahrain will be able to increase the Value Added Tax from 5% to 10% at the beginning of next January, to increase state revenues by about 1.8% of GDP.
Demands for the Government: Start with the Wealthy, Fight Corruption
Bahrainis have been worried since Saudi Arabia suspended the cost of living allowance and raised the value added tax from 5% to 15%, as they have not yet recovered from the impact of the 5% which already exhausted their low salaries.
Oman to Delay VAT to 2021 amid Sluggish Growth
Oman plans to introduce value-added tax in 2021, it said in a document, further delaying a fiscal consolidation measure that economists say could be politically sensitive at a time of sluggish growth and high unemployment.
Eskan Bank: VAT won't be Applied on Housing Services
Eskan Bank confirmed that the Value Added Tax (VAT) which is to start on July 1 will not be applied on the housing services or the monthly installments provided by the Housing Ministry, stressing that the bank would continue deducting a quarter of the recipient's salary without any extra fees.
2018 Roundup Editorial: Added Value of Years of Repression
In the poorest of the Gulf kingdoms, all added values (not just tax) are collected by the government to partially offset its accumulating deficit. It does not pay the citizens the value of what they endure, but rather gives them no value at all.
Finance Ministry Rejects Parliamentary Project to Compensate Low-Income Persons for VAT, Says Goes against Constitution
The Ministry of Finance and National Economy rejected a parliamentary project to compensate citizens of low-income wages by reducing the effects of the value added tax (VAT), while the finance committee of the House of Representatives approved the proposal.
1000 BD Fine for Suspect over Levying VAT without Authorization
Advocate-General Chancellor Hussain Al-Bouali said that the second minor criminal court fined on Wednesday (April 24, 2019) a suspect 1000 BD over the charge brought against him.
Bahrain Gov’t Plans on Collecting 1 Billion and 100 Million in Taxes and Duties
“Once you pop, you can’t stop”: This Pringles advertised slogan applies to what the Bahraini government is doing to its citizens. The pockets of Bahrainis have been popped and devoured in the name of taxes and duties and the authorities don’t seem willing to stop anytime soon, as the government plans on collecting one billion and 100 million in two years.
Prosecution Refers Sales Manager to Trial over Violating VAT Law
The Public Prosecution referred a sales manager in a shop to an urgent trial over charge of applying the Value Added Tax (VAT) to the goods of the shop and customers without registering his entity in the official VAT system and set Thursday as a day to commence his trial.
Bahraini Court Rejects Lawsuit Raised by Lawyer to Abolish VAT on Electricity Bills
The High Administrative Court rejected a lawsuit filed by lawyer Mohammad Al-Thawadi, demanding abolishing decision to apply VAT on services of the Electricity and Water Authority.
Over 2,000 Companies Registered for the VAT
The National Bureau for Revenue (NBR) said that over 2,000 companies have registered for the VAT.
Bahrain: Car Imports Reach Lowest Rate in 5 Years due to VAT
Car imports fell sharply in January to their lowest level since 2013, a sign that car sales are being impacted by the implementation of the Value Added Tax (VAT).
Over 1,700 Companies registered for VAT
The National Bureau for Revenue (NBR) announced that over 1,700 companies have registered for the Value Added Tax (VAT).
80 Employees Appointed in National Agency for Gulf Taxes
80 employees were appointed in the National Agency for Gulf Taxes to follow up issues related to applying the tax in various sectors, government sources said.