Under what conditions is a taxpayer required to de-register on a mandatory basis?
Both resident and non-resident taxpayers are required to de-register when they no longer meet the criteria to be registered. Let’s look at the conditions for residents and non-residents individually:
Both residents and non-residents must de-register when: They are no longer conducting any economic activity in Bahrain, or They have not made any taxable supplies for 12 consecutive months.
A resident must de-register when:
The value of their annual supplies and expenses during the last 12 months has dropped to lower than the voluntary registration limit, and
The value of their annual supplies and expenses is not expected to exceed this limit in the upcoming 12 months either.