Taxpayers have to submit information on transactions linked to taxable purchases and sales by submitting the electronic form for VAT Returns. Submission of this form is what is usually known as the filing of VAT Returns in UAE. For instance, if someone’s tax period falls in April, 2019, then his/her first return will be due on the 31st of May, 2019.

The returns have to be filed by businesses where annual supplies have crossed 5,000,000 BHD and those who have already applied for registration under Bahrain VAT laws by the 31st of December, 2018.

How do you file VAT Returns in Bahrain?

The VAT Return Form is basically a form available electronically for the taxpayer to summarize all key details relating to the due output taxes and total input taxes which are recoverable for a specific time period.

All details have to be electronically filled in by logging into the NBR (National Bureau for Revenue). There is an elaborate procedure that has to be followed by all businesses for filing their VAT returns as well.

Steps for Filing VAT Returns in Bahrain

First the taxpayer has to be registered with the NBR portal and upon logging in, the return forms can be accessed for VAT. There are key details which have to be manually entered by the taxpayer for the return form. These include the following:

  • VAT on sales- This section will require taxpayers to talk about details of output VAT, sales and any adjustments if applicable. Sales details have to be categorized into sections like sales to registered taxpayers in other GCC States, standard rated sales, sales which are subject to domestic reverse charge mechanisms, exempt and exports and zero rated domestic sales.
  • VAT on purchases- In this section, details of purchases and input VAT that is recoverable, have to be furnished by taxpayers. Details have to be declared as per categories like standard rated domestic purchases, imports subjected to VAT accounted under the reverse charge mechanism, those imports subjected to VAT either paid at the customs point or deferred, purchases subjected to domestic reverse charge mechanism and also purchases made from non-registered suppliers and those purchases which are exempt or zero rated.

Thereafter, the VAT return has to be submitted, post provision of the necessary details. Upon submission of the VAT Return form, the NBR will be dispatching a notification of its acknowledgement via SMSes and emails to taxpayers. The official receipt in the PDF format will be accessible on the portal account of the taxpayer on the NBR portal. VAT return forms may be changed in case there are any errors within a period of 30 business days. However, this has to be from the date on which the taxable person was notified about errors in the VAT return form and before any inspection/supervision processes being started by the NBR. The above mentioned steps are the same for submitting revised returns.

Get help with VAT return filing in Bahrain

For assistance related to filing VAT returns in Bahrain and across the UAE courtesy GCC Filings VAT Consulting UAE. The company offers help with VAT filing, accounting, registration, company incorporation and more.

The proper filing process has to be in place in order to comply with all Bahrain VAT regulations. GCC Filings can help your business stay on track without any worries.

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