MANAMA: Value-added tax (VAT) of up to five per cent set to be in place across the GCC by January 2019 is likely to increase with the passage of time, an expert has warned.
BDO Bahrain partner assurance and business advisory Arshad Gadit told guests at a Bahrain British Business Forum (BBBF) event that in the UK where VAT has been in place for a while, three rates are applicable: standard (20pc), reduced (5pc) and zero .