🔔 Bahrain VAT Update | VAT Retail and Wholesale Guide- Profit Margin S…

The NBR has updated Section 12.1 of the VAT Retail and Wholesale Guide on 20th Sep 2026 with some practical clarification on the Profit Margin Scheme.

A key point in the updated guide is around evidencing that the qualifying goods have previously been subject to VAT in Bahrain. The NBR has now provided example of the type of information that should be maintained for this purpose, including but not limited to:

-details of when the goods were first manufactured, sold or brought into use;

-date of the first registration, in the case of vehicles; and

-a purchase invoice or customs declaration from any point in the supply chain showing that the goods were subject to VAT in Bahrain.

The guide also clarifies that goods acquired before the introduction of VAT, or goods which have not previously been subject to VAT, would not qualify for the Profit Margin Scheme. In such cases, VAT would apply on the full selling price.

📑 Read the updated VAT Retail and Wholesale Guide here:

https://lnkd.in/dvTg_qcP