Government considering VAT increase amid financial setbacks

by BTM

Sun, 26 September 2021

Government considering VAT increase amid financial setbacks

Increasing Value Added Tax (VAT) from 5 percent to 10 percent is amongst multiple options presented by the government to legislators today to offset financial setbacks, as reported by the GDN.

Other options include reducing wages or social welfare given to nationals.

A senior government delegation is meeting now with MPs and Shura Council members to give an update on Bahrain's economy and finances.

The urgent meeting is chaired by National Assembly and Parliament Speaker Fouzia Zainal.

It is attended by Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa, Industry, Commerce and Tourism Minister Zayed Alzayani, Labour and Social Development Minister Jameel Humaidan and Parliament and Shura Council Affairs Minister Ghanim Al Buainain.

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