Filing Timeline
📅 Step 1: Period Close (Day 1-5)
Close the accounting period. Ensure all invoices posted. Reconcile VAT control accounts. Check for missing purchase invoices. Run trial balance.
🔍 Step 2: Reconciliation (Day 5-15)
Compare VAT ledger to return figures. Check output VAT per sales ledger. Verify input VAT per purchase ledger. Identify timing differences. Confirm reverse charge entries.
📋 Step 3: Return Preparation (Day 15-25)
Complete return boxes 1-14. Standard supplies, zero-rated, exempt, imports. Input tax by category. Adjustment boxes for corrections. Review and sign-off by finance manager.
🚀 Step 4: Submit & Pay (Day 25-28)
Login to NBR portal (jibaya.gov.bh). Enter return data. Upload supporting schedules. Submit electronically. Pay via BENEFIT or bank transfer. Get submission confirmation.
⚠️ Deadline: Last day of month following the period end (e.g., January period due by 28 February). Late filing penalty: BD 500-5,000. Late payment: 5% of unpaid tax.