Tax in Bahrain
Bahrain's Tax Advantages
- Bahrain offers an attractive tax environment for individuals and businesses considering company formation. The Kingdom has implemented a business-friendly tax system, with no corporate income tax, capital gains tax, or withholding tax.
- This advantageous tax structure positions Bahrain as a strategic location for entrepreneurs seeking to establish a company. If you are planning to incorporate a company in Bahrain, the first thing to consider is the tax landscape at the beginning of your venture.
For a personalized understanding of how tax in Bahrain will work for your specific business, we invite you to contact us. Our experienced tax consultants are available to provide comprehensive insights and guide you through the nuances of the tax system. If you require a personalized tax report tailored to your business needs, please feel free to book an appointment with our tax consultant. We are dedicated to ensuring that you have the information and support needed to make informed decisions and optimize
your tax strategy. Additionally, the absence of personal income tax enhances the overall appeal for individuals involved in business ventures.
it’s recommended to stay informed about any changes in the fiscal landscape.
Overall, Bahrain’s favorable tax policies contribute to a conducive environment for business growth and investment.
0% corporate tax rate
No personal income taxes
No wealth or capital gains taxes
No personal income taxes
No wealth or capital gains taxes
Tailored Consultations for Company Formation
Ready to Take the Next Step?
If you’re ready to start taking advantage of all these benefits, We’re able to help you through every step of
the way including:
- Finding a location for your business
- Legal requirements
- Company formation
- Tax consultation & detailed report tailored to your buisness
- And more!
Contact us to learn more about everything that Bahrain has to offer and to get started on establishing your
business in Bahrain.
Our Services
Audit
- External | Statutory Audit
- Internal Audit
- Economic Substance Regulation in Bahrain
- Business Valuation Services in Bahrain
Tax Registration
- VAT Registration
- VAT Training
- VAT Implementation
- VAT Return Filing
- VAT Consultancy
- Accounting for VAT Compliance
Accounting
- Back Log Accounting Services
- Regular Accounting Services
- Accounts Reconciliation
Packages
Book keeping & VAT
This package ensures financial compliance with Bahraini regulations, including the National Bureau for Revenue (NBR) and the Ministry of Industry and Commerce (MOIC).
- Maintaining Sales and Purchase legers
- invoicing support (if needed)
- Quarterly Income Statements
- Maintaining Balance Sheet
- VAT registration with the NBR
- Overall business preparation for VAT
- Preparing/filing VAT returns
VAT Business Preparation
This package is well suited for more mature businesses that may already have an
accounting system in place,
and only require support for compliance with NBR.
- VAT registration with the NBR
- VAT Transaction Mapping (VAT treatment for revenue streams)
- Documentation Review (i.e., Tax invoices, Credit noted and Debit notes, contracts)
- Accounting staff training
- 10 hours of tax support and consultation
- 2 VAT returns submission review/filing
VAT Returns and Retainer
This package is crafted to aid businesses in achieving VAT compliance while facilitating the submission of VAT returns in accordance with regulatory requirements.
- Maintaining Sales and Purchase legers
- invoicing support (if needed)
- Quarterly Income Statements
- Maintaining Balance Sheet
- VAT registration with the NBR
- Overall business preparation for VAT
- Preparing/filing VAT returns
Have any inquiries or need legal advice?
Our team of experienced attorneys is ready to provide you with the
guidance and support you need for your legal concerns.
We understand that navigating the legal landscape can be complex,
and we are committed to assisting you in making informed decisions
and finding effective solutions. Your legal needs are our priority, and
we are dedicated to delivering the professional advice and assistance
you require to address your specific situation. Don’t hesitate to reach
out to us for reliable and expert legal support.
If you have any inquiries or require legal advice, we are here to help.
Request for consultation
Frequently asked questions?
Value Added Tax (VAT) is an indirect tax charged on selected goods and services bought and sold by businesses.
VAT is a type of general consumption tax that is collected incrementally, based on the value added, at each stage of production or sales. » It is usually implemented as a destination-based tax. » It is imposed on most supplies of goods and services that are bought and sold. » It is charged at each stage of the ‘supply chain’. » The difference between tax received/receivable from the customers & the tax paid/payable to the tax supplier & service provider is the net liability to be paid or refund can be done from the tax authority. » The tax return has to be filed on monthly/quarterly/half yearly basis, as prescribed by the Authority
