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Bahrain reports 27 VAT related violations

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Twenty-seven Value Added Tax (VAT) violations have been reported in Bahrain.

Violators could face fines of up to BD10,000, as per the provision of the law on Value Added Tax.

A total of 40 commercial establishments countrywide were inspected by officials from the Industry, Commerce and Tourism Ministry and the National Bureau for Revenue (NBR).

Legal proceedings are underway against the VAT violators and those found guilty of tax evasion can be jailed for five years and fined three times the amount evaded.

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Source
Bahrain News Agency

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