Bahrain's National Bureau for Revenue (NBR) has published a VAT Oil and Gas Guide. This guide sets out the general principles of VAT in relation to the oil and gas sector in Bahrain, with the aim of providing: An overview of the VAT rules and procedures in relation to the oil and gas sector in Bahrain and, if required, how to comply with them; and The necessary background and guidance to help determine how a supply is treated for VAT purposes. A general overview of the VAT treatment of oil and gas provides that upstream, midstream, and downstream activities for...