Manama, The National Bureau for Revenue (NBR) reaffirms its continuous commitment to enhancing the level of business compliance within the local markets and ensuring adherence to all regulations and legislation for the effective implementation of VAT and Excise including the Digital Stamps Scheme. The NBR conducted 814 inspection visits within the local markets across different governorates in Bahrain during the first half of 2024. These visits aimed to monitor the market and provide high levels of protection for consumer rights and combat VAT and Excise evasion, along with spreading awareness about the rightful ways of implementation. The NBR has confirmed that effective oversight of the local market has resulted in reporting a total of 116 VAT and excise violations, in which administrative fines have been imposed in accordance with the Law. The reported violations were related to the failure to comply with the conditions for issuing VAT invoices, and failure to show prices inclusive of VAT, in addition to failure to display a VAT certificate in a visible location. The NBR also reported violations of non-compliance with the digital stamp scheme. The NBR also identified several violations that may be considered suspicious of VAT or Excise evasion, in which legal actions will be taken against violators, and reporting those who are proven to have committed evasion crimes which may be punishable by imprisonment for five years and a fine equivalent to three times the amount of VAT due or by imprisonment for one year and a fine equivalent to double the evaded excise. The NBR emphasised that the cooperation of businesses and consumers is integral to the success of the ongoing inspection campaigns to achieve the highest compliance standards, the NBR also urges all concerned parties to report any violations or evasions of the VAT or Excise law by contacting the NBR call center at 80008001 available 24 hours, 7 days a week, or through the National Suggestions and Complaints System (Tawasul), or by email through vat@nbr .gov.bh for VAT related queries, and to ds@nbr.gov.bh for the Digital Stamps Scheme queries. Source: Bahrain News Agency
Related Posts
Deputy Prime Minister meets King’s College London delegation
ManamaShaikh Khalid bin Abdullah Al Khalifa, the Deputy Prime Minister, and Chairman of the Board of Directors of the Institute for Public Administration, met with a delegation from King’s College London, led by Michael Sanders, Professor of Public Po…
HRH Princess Sabeeka bint Ibrahim congratulated by Shaikh Salman bin Abdullah bin Hamad
Manama, Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Consort of His Majesty the King and President of the Supreme Council for Women (SCW), received a cable of congratulations from Shaikh Salman bin Abdullah bin Hamad Al Khalifa, Vice …
Death toll of Israeli Occupation’s Attack on Gaza Rises to 42500 Martyrs
The toll of victims of the Israeli aggression on the Gaza Strip has risen to 42500 martyrs and 99546 injuries, since Oct. 7, 2023.
The Ministry of Health in Gaza said in a statement that the Israeli occupation forces committed four massacres against…