VAT Return Filing Period – 2020 Onwards

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Yarab A, Feb-03-2020

In our previous article ‘Transitional Vat Return Filing Period for 2019,’ we have discussed about the different VAT return filing period for different business. In this article, we will be discussing the VAT return filing period applicable from 2020 onwards.

The VAT Return filing period for 2020 onwards are classified into monthly and quarterly VAT Return filing. The following table explains the applicability of the monthly and quarterly Vat return filing period in Bahrain.

vat-return-filing-period-2020-onwards

VAT Return Filing Period – 2020 Onwards As mentioned in the above table, taxable persons with annual supplies not exceeding BHD 3 million will have quarterly tax periods. Taxable persons with annual supplies exceeding BHD 3 million will have a monthly tax period.

A taxable person with annual supplies not exceeding BHD 3 million can request the National Bureau for Taxation (NBR) to have monthly tax periods. If the NBR accepts the request, it will notify the taxable person about the change in the tax period.

Monthly return tax periods

Taxable persons with annual supplies exceeding BHD 3 million will have a monthly tax period. The following taxable explains the Monthly VAT return filing schedule and due date to file.

vat-return-filing-period-2020-onwards

As mentioned above, the monthly Vat return is due on the last day of the subsequent month. For example, for tax period January,2020, you need to file the returns by 29th February,2020.

Quarterly VAT return period

The taxable persons with annual supplies not exceeding BHD 3 million will have quarterly tax periods. The following is the quarterly Vat return filing schedule.

vat-return-filing-period-2020-onwards

As mentioned above, the quarterly Vat return is due on the last day of the subsequent month following the end of the quarter. For example, for tax period January- March 2020, you need to file the returns by 30th April, 2020.

The Vat return period discussed above is applicable only from 2020 onwards. For the first year i.e. 2019, NBT has designed a transitional VAT return filing Period. The transitional filing period is different for different business basis the date of registration.

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