Bahrain: Preparations For VAT Tourist Refund Underway

The National Bureau for Taxation (NBT) affirmed that it is currently completing its technical preparations for the implementation of a VAT refund scheme in 2019, which allow visitors to claim refunds on a portion of VAT paid on taxable goods and services purchased during their visit.

In partnership with a global operator, the fully integrated system that links registered companies to Bahrain International Airport’s departure area will facilitate reimbursements and offer tourists a seamless experience of disbursing the VAT refund.

The NBT states that VAT reimbursement is a common practice introduced to increase visitor expenditure and boost the inflow of tourists as a stimulant for businesses’ competitiveness and overall economic growth.

 

Source Credit: Bahrain News Agency