Bahrain is planning to double the value-added tax (VAT) to 10% in a bid to offset the budget deficits as well as incentivize the country's profit as the economy starts to shake off the covid hit. This hike comes in the Kingdom's efforts to 'bring its budget back into balance by 2024 without undermining a fragile recovery', Bloomberg reported. Even before the pandemic shock, the smallest Gulf economy was wailing ...
