input tax BD

Other Expenses-Excluding Premises-

Rental & maintenance 367550

total Input tax 367550 in our estimates since accepting deposits an

are tax exempt the bank doesnt have to pay
business development , legal and consulting
to 5% VAT input tax except for rental of prem
section 82 of the Bahrain VAT law rent and
exmepted

output tax BD
income from financing contracts-Fees and according to section A of Article 81 of the b
Commission income of financial services are tax exempt, except
65700 considered as a fee, commission or comme
income from investments- Fee income 51450
total Output Tax 117150
 since accepting deposits and checking accounts
he bank doesnt have to pay input tax.however,
pment , legal and consulting expences are subject
tax except for rental of premises since according to
e Bahrain VAT law rent and sale of real estate is tax

tion A of Article 81 of the bahrain VAT Law, supply

ces are tax exempt, except for services that are
fee, commission or commercial discount.
 input Tax BD
Additions of Property,Plant and Equipment- excluding Land According to Article 76 construction of n
2,723,000 subject to zero rate VAT hence why we e
& Buildings and Power generating plant
estimation.Moreover, based on article 8
Inventories-Raw Materials 726,800 lands and buldings are VAT exempt thus
Selling and Distribution Expences- Excluding staff costs 755,500 Staff costs such as wages and incomes a
Administrative expenses- Excluding staff costs 624,050 covered by the Bahrain VAT Law and thu
Total Input Tax 4,829,350

Output Tax BD
Sales Revenue- excluding Calcined coke 42,480,950 since Aluminum sold by Alba is not subj
Total Output Tax 42,480,950 expected that Alba will start including V
Calcined coke, a final carbon-rich solid m
used in the production of Aluminum thu
export of oil gas and other hydrocarbon
cannot collect VAT on Calcined coke cus
ticle 76 construction of new buildings including power plants are
ate VAT hence why we excluded them from our
eover, based on article 82 sale and rent of real estate such as
gs are VAT exempt thus they should be excluded. Futhurmore,
as wages and incomes are out of scope meaning they are not
Bahrain VAT Law and thus should be excluded.

sold by Alba is not subject to zero rate nor tax exempt its
ba will start including VAT in the price of their product except for
final carbon-rich solid material that derives from oil refining
uction of Aluminum thus According to Article 79 the import and
and other hydrocarbons are subject to zero rate meaning Alba
AT on Calcined coke customers