OrbitaxOrbitax

Bahrain Clarifies VAT Liability of Board Member and Director Fees

|Approved Changes|Bahrain
Bahrain

Bahrain's Nation Bureau of Revenue (NBR) has published VAT Public Clarification VAT/PC/19/2, which sets out the NBR's position on the VAT liability of fees earned by board members or directors in carrying out their duties. The VAT liability depending on function and service is summarized in VAT/PC/19/2 as follows:

Core functions of board members

Board members and directors are considered to…

Continue Reading