Bahrain to double VAT as economy recovers from pandemic | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain to double VAT as economy recovers from pandemic | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain will double the value-added tax to 10% in an effort to boost revenue and curb one of the Gulf’s widest budget deficits as the economy begins to recover from the pandemic. The kingdom is seeking ways to bring its budget back into balance by 2024 without undermining a fragile recovery, an official close to the government told Bloomberg.