NBR: 37 new violations reported during inspection visits within local markets in August

Manama, The National Bureau for Revenue (NBR) conducted 157 inspection visits within the local markets across different governates in the Kingdom of Bahrain during August 2024. These visits are part of the NBR's continuous commitment to enhance the level of business compliance within the local markets and ensuring adherence to all regulations and legislation for the effective implementation of VAT and Excise including the Digital Stamps Scheme. The NBR also aims to monitor the market, provide high levels of protection for consumer rights, combat VAT and Excise evasion, and spread awareness on the rightful ways of implementation. The NBR has confirmed that effective oversight of the local market has resulted in reporting a total of 37 VAT violations, in which administrative fines have been imposed in accordance with the Law. The reported violations were related to the failure to comply with the conditions for issuing VAT invoices, failure to show prices inclusive of VAT, and failure to display the VAT cert ificate in a visible location. The NBR emphasised that the cooperation of businesses and consumers is integral to the success of the ongoing inspection campaigns to achieve the highest compliance standards. The NBR also urges all concerned parties to report any violations or evasions of the VAT or Excise law by contacting the NBR call center at 80008001 available 24 hours, 7 days a week, or through the National Suggestions and Complaints System (Tawasul), or by email through [email protected] for VAT related queries, and to [email protected] for the Digital Stamps Scheme queries. Source: Bahrain News Agency