Penalties Applying to VAT IN BAHRAIN
An administrative penalty is imposed on taxpayers who commit any of the following acts while dealing with VAT IN BAHRAIN : Delayed submission of VAT returns or delayed payment of tax, for a prescribed period not exceeding 60 days. The penalty rate in this case would be between 5% and 25% of the tax value to be recognized or paid. Failing to register for VAT within 60 days from the registration deadline, or within 60 days after reaching the mandatory registration threshold limit. The penalty in this case may go up to BHD 10,000. Providing falsified information on the import of goods and services that leads to an increased value declared in tax returns. For any person who commits the following offences, a penalty of BHD 5000 will be imposed. Not informing the Authority of changes in a registration application or changes in VAT return information within specified dates. Not displaying the price of goods or services inclusive of tax. Failing to provide information requested by th...