Increasing VAT an option to offset financial setbacks





Increasing Value Added Tax (VAT) from 5pc to 10pc is amongst multiple options presented by the government to legislators today to offset financial setbacks.

Other options include reducing wages or social welfare given to nationals.

A senior government delegation is meeting now with MPs and Shura Council members to give an update on Bahrain's economy and finances.

The urgent meeting is chaired by National Assembly and Parliament Speaker Fouzia Zainal.

Read More - www.gdnonline.com

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