Under what conditions can a taxpayer de-register on a voluntary basis?

A resident may de-register on a voluntary basis when:

• They are voluntarily registered under VAT for a minimum of 2 years,

• The value of their annual supplies in the past 12 months is lower than the mandatory registration threshold (BHD 37,500), but including their annual expenses it exceeds the voluntary registration limit (BHD 18,750), and

• The value of their annual supplies in the upcoming 12 months is expected to be lower than the mandatory registration limit (BHD 37,500), but including their annual expenses it exceeds the voluntary registration limit (BHD 18,750).

A non-resident cannot de-register on a voluntary basis at all.