By Mohammed Al A’Ali
MORE than 120,000 value added tax (VAT) violations were registered in Bahrain over the last three years.
Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa told MPs, in writing, that the violations included delays in VAT registration and declaration, failure to transfer payments on time and implement display, pricing and billing rules and regulations.
The National Bureau for Revenue (NBR) recorded 122,842 violations since a five per cent VAT was implemented on January 1, 2019.
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