12 February 2018 Bahrain implements Excise Tax Law The legal framework for excise duty implementation in Bahrain is the Common Excise Tax Agreement of the States of the Gulf Cooperation Council (GCC) that was agreed by GCC Member States in November 2016. Following the framework, His Majesty King Hamad bin Isa Al Khalifa signed the GCC Common Excise Tax Agreement and the Bahraini Excise Tax Law on December 7, 2017. The GCC agreement and the local law were published in the Official Gazette on December 14, 2017. Based on the Excise Tax Law, excise duty was implemented in Bahrain on December 30, 2017. The Implementation Regulations of Excise Tax were issued with the Resolution of the Minister of Finance (Resolution No. 17 for the year 2017) and published in the Official Gazette on December 28, 2017. Document ID: 2018-0305 |
