What is the tax period under VAT?
The tax period for VAT returns is based on the business’ annual turnover. The tax period should not be less than one month. The tax period for VAT returns is based on the annual turnover of the business. Businesses having an annual turnover of over BHD 3 million will have to file tax returns monthly, while businesses having an annual turnover of less than BHD 3 million will have to file tax returns quarterly. The tax period for returns will never be less than one month.