Tax advisory for jewellers, luxury retailers, and high-value goods dealers.
Gold bullion sales — exempt from VAT (investment gold). Gold jewellery sales — standard-rated at 10%. Precious stones — standard-rated. Repair and making charges — standard-rated. Old gold buy-back — margin scheme available?
Designer goods — standard-rated. Watches — standard-rated. Import customs 5% on luxury items. Tourist refund scheme — not yet available in Bahrain. Consignment stock — timing of supply.
Airport duty-free sales — zero-rated (export). Local duty-free zones not available (unlike UAE/Dubai). Customs bonded warehouse — duty deferral. Re-export — no duty on transit goods. Ship stores — zero-rated.
