What professionals in this field deal with in Bahrain, from official sources, and a program built for the profession that keeps your records on your own computer.
From $3 a month (about 1.13 BHD)
Carrying on real estate sector activities, including brokerage, without a licence is punishable by imprisonment of up to two years and a fine, or one of them. A licensed broker earns the commission only when the brokerage leads to the contract being concluded, takes it in halves from the two parties unless agreed otherwise, and recovers expenses only if agreed in writing.
Bahrain introduced VAT on 1 January 2019 at a standard rate of 5%; the standard rate was revised to 10% with effect from 1 January 2022. Certain goods and services are zero-rated and others are exempt. Mandatory registration: resident businesses and individuals whose annual taxable supplies (standard and zero rate) exceed BHD 37,500. Voluntary registration: where annual taxable expenses or supplies exceed BHD 18,750. Non-residents supplying persons who are not VAT-registered must register within thirty days of their first taxable supply. Reference: National Bureau for Revenue, VAT General Guide (section 2.1) and the registration page.
