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VAT being a transactional tax levied on the taxable supply of goods and services, issuance of a Tax invoice is a key requirement for every VAT registered business. In our earlier article ‘VAT Invoice in Bahrain’, we had a look at different types of VAT invoices and various VAT invoicing requirements of Bahrain VAT Law. In this article, we will discuss the Invoice format and its requirements as prescribed under Bahrain VAT Law and regulations.
The Bahrain VAT regulation clearly prescribes the various tax invoice requirements which a VAT registered Supplier need to comply with. Though there is no specific invoice template prescribed, however, there are various mandatory details which need to be captured in a tax invoice in accordance with the provisions of the law.
As per the mandatory details required in a Tax Invoice, a sample Tax Invoice template is shown below:
The following are the key points for issuing a Tax Invoice in Bahrain: