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A Tax return is an official document which all the VAT registered businesses need to submit to the National Bureau for Taxation (NBT). In VAT return, the businesses need to summarize the details of purchases, sales, output VAT and recoverable input for a given tax period. The VAT return format in which the details need to be captured will be prescribed by NBT.
The VAT return format is yet to be notified by NBT. However, the Bahrain Regulations has prescribed the mandatory information which needs to be declared by the registered person in his VAT Return.
The following are the details which need to be contained in the VAT Return:
The above are the mandatory details which need to be declared in the VAT. Shortly, NBT will notify the format in which the above details need to be declared.