/** * The main template file * * This is the most generic template file in a WordPress theme * and one of the two required files for a theme (the other being style.css). * It is used to display a page when nothing more specific matches a query. * E.g., it puts together the home page when no home.php file exists. * * @link https://developer.wordpress.org/themes/basics/template-hierarchy/ * * @package WordPress * @subpackage Tally * @since 1.0.0 */ ?>
VAT return filing periods in Bahrain are classified into transitional return filing period for 2019 and the regular return filing period for 2020 onwards. The reason for having two type of return filing period is due to phase-wise registration which mandates the business to register on different dates spreading across 2019.
In this article, let us understand the transitional return filing period.
The transitional Vat return filing period is scheduled basis the registration phases which consist of different registration due date for different businesses. The larger businesses with annual turnover should register first before December,2018 and remaining businesses are mandated to register later during 2019.
To know registration due dates, please read our article VAT Registration Deadline in Bahrain.
Basis the registration due dates, the VAT return filing schedule and deadlines are designed by the National Bureau for Taxation (NBT). The following are the VAT return filing period.
If you observe the above table, businesses who have already registered by December,2018 will file returns on a quarterly basis and the first tax period is from Jan-March with the due of 30th April,2019. Similarly, the taxpayer needs to file the returns for the rest of the quarter as mentioned in the above table.
You can observe the following from the above VAT return filing schedule.
The above is the transactional return filing period applicable only for 2019. Basis the date on which you register under VAT, your return filing period will be determined. From 2020 onwards, you will have regular VAT return filing period which is different from the above.
TallyPrime’s Simplified Security and User Management System