Bahrain: VAT and increase in price dampen Valentine’s Day celebration

Bahrain: VAT and increase in price dampen Valentine’s Day celebration

The increase in Value Added Tax (VAT) from 5% to 10% along with the price rise of the yellow metal led to a decline in gold sales on Valentine’s Day in Bahrain. Every year in the Kingdom, Valentine’s Day has been an important day the sales calendar for all jewellery houses. Unlike the previous years, …

The post Bahrain: VAT and increase in price dampen Valentine’s Day celebration appeared first on Gulf Insider.

The increase in Value Added Tax (VAT) from 5% to 10% along with the price rise of the yellow metal led to a decline in gold sales on Valentine’s Day in Bahrain. Every year in the Kingdom, Valentine’s Day has been an important day the sales calendar for all jewellery houses. Unlike the previous years, …