Bahrain cabinet asks parliament to approve VAT amendment - state news agency

Bahrain's government sent a draft bill to parliament for approval to amend the value-added tax rate, currently at 5%, from next January, the state-run Bahrain News Agency said on Monday.

BNA did not say whether the amendment referred to a hike or a cut in the rate.

But a parliamentary source and a source close to the government told Reuters on Sunday the government is considering doubling VAT to 10% to boost state revenues and reduce its budget deficit.

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