Bahrain's National Bureau for Revenue (NBR) has published a VAT Economic Activity Guide and a VAT Transfer of a Going Concern Guide. The VAT Economic Activity Guide sets out general principles relating to the concept of economic activity for VAT purposes, summarized as follows: VATable persons in Bahrain are required to charge VAT on their supplies of goods and services. A VATable person is a person carrying out an economic activity independently for the purposes of generating income, and who is registered or obliged to register for VAT purposes in accordance with the provisions of the law. The VAT Law...