Increasing VAT an option to offset financial setbacks

Increasing Value Added Tax (VAT) from 5pc to 10pc is amongst multiple options presented by the government to legislators today to offset financial setbacks.

Other options include reducing wages or social welfare given to nationals.

A senior government delegation is meeting now with MPs and Shura Council members to give an update on Bahrain's economy and finances.

The urgent meeting is chaired by National Assembly and Parliament Speaker Fouzia Zainal.

It is attended by Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa, Industry, Commerce and Tourism Minister Zayed Alzayani, Labour and Social Development Minister Jameel Humaidan and Parliament and

Shura Council Affairs Minister Ghanim Al Buainain.

 

Source: https://www.gdnonline.com/Details/978127/Increasing-VAT-an-option-to-offset-financial-setbacks

 

Share this page Share on FacebookShare on TwitterShare on Linkedin
Close

Discover the 'Made in France à Bahrain' Guide

'Made in France à Bahrain' - Edition 2021
is YOUR guide to the economic presence in Bahrain. Click here to view the online guide