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Bahrain parliament approves draft VAT law

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Bahrain parliament approves draft VAT law 

Manama: legislators in Bahrain approved a draft law that would see value-added tax (VAT) imposed for the first time in the kingdom on goods and services. On Sunday, the kingdom’s bicameral parliament, holding an extraordinary session upon a royal order issued last week, approved VAT at the rate of 5% effective from January 1 next year.

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