Frequently Asked Questions

Yasmi Co provides comprehensive tax advisory services including Tax Advisory & Compliance, VAT Consulting, Corporate Tax Planning, International Tax Structuring, Transfer Pricing, and Tax Dispute Resolution. We serve businesses of all sizes across multiple industries in Bahrain and the GCC.

Our initial consultation is complimentary. We'll discuss your tax needs, assess your situation, and provide a tailored proposal with transparent pricing. Ongoing advisory fees depend on the scope and complexity of your requirements and are agreed upon through a formal engagement letter.

For existing clients, we offer same-day response for urgent matters. For new inquiries, we typically respond within 24 hours. Tax deadlines and audits are always treated with priority.

We have dedicated sector specialists in Financial Services, Real Estate & Construction, Oil & Gas, Healthcare, Technology, and Retail & E-Commerce. Our specialists understand the unique tax considerations, exemptions, and compliance requirements within each industry.

Bahrain's standard VAT rate is 10%, which was increased from 5% in January 2022. Certain supplies are zero-rated (such as basic food items, international transport, and exports) or exempt (such as financial services and residential property).

Mandatory VAT registration is required when your taxable supplies and imports exceed BHD 37,500 over a 12-month rolling period. Voluntary registration is available when supplies exceed BHD 18,750. We can determine your registration obligation and handle the process with NBR on your behalf.

Late filing penalties can include a fixed penalty per return plus a percentage of the tax due. Additional penalties apply for late payment and incorrect declarations. The NBR takes compliance seriously, and we help our clients avoid penalties through proactive filing management and calendar reminders.

Yes, VAT-registered businesses can claim input tax credits on business-related purchases, subject to certain restrictions (e.g., entertainment, personal use items). We help clients optimize their input tax recovery and ensure proper documentation to support claims.

Bahrain does not impose a general corporate income tax. However, oil and gas companies are subject to a 46% tax on profits. With the OECD's global minimum tax initiative (Pillar Two), large multinationals may face a 15% minimum effective tax rate. We help businesses understand their current and future obligations.

Yes, Bahrain has signed DTAs with over 40 countries. These agreements help prevent double taxation and provide reduced withholding tax rates. Our international tax team analyzes treaty provisions to optimize your cross-border tax position and ensure you benefit from available treaty relief.

Transfer pricing refers to the pricing of goods, services, and intellectual property between related entities within a multinational group. Tax authorities require these transactions to be at "arm's length" (market rate). Non-compliance can result in significant adjustments, penalties, and double taxation. We provide documentation, benchmarking, and dispute support.