05.27.22
Urgent proposal to temporarily suspend VAT
Inflation is soaring worldwide due to Covid and the Russian-Ukrainian conflict; the situation in Bahrain is no different.
10 Bahraini MPs, led by Mahmood Al Bahrani, have put forth an urgent proposal to tackle the burden of inflation on the nation. The proposal suggests suspending the 10% VAT temporarily as well as doubling the anti-inflation allowances for Bahrainis. “Inflation has hit the world hard, and today’s prices are threatening global economies”, Mahmood AI Bahrani added.
The proposal will be forwarded to the Cabinet for further reviews.
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