Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.
Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.
The Council of Ministers in Bahrain has approved an increase in the standard VAT rate from 5% to 10% with effect from 1st January 2022, becoming the highest rate in the Gulf after Saudi Arabia.
The change is made in response to the impact COVID-19 had on Bahrain’s economy and it’s aiming to reboot Bahrain’s Fiscal Balance Programme (FBP).
Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.