Bahrain has published Law 33 of 2021 in the Official Gazette, which provides for the increase in the standard VAT rate from 5% to 10% with effect from 1 January 2022. The law also includes a transitional provision for supplies under a contract concluded prior to 1 January 2022. This includes that the 5% rate will continue to apply for such contracted supplies until the contract expires, is ame…