Bahrain's Nation Bureau for Revenue (NBR) has published an updated version of its VAT General Guide dated 26 March 2024. The update concerns the recent extension of the period for retaining records and accounting books by an additional five years, to ten years. This includes a revised Section 13.2 of the Guide as follows: --- 13.2. Timeframes A VATable person must maintain the relevant records for a period of five years after the end of the VAT period to which they relate or from the end of the VAT period where the adjustment period ends (for capital assets). Starting in...