Bahrain National Bureau for Revenue’s Plan for Implementing E-Invoicing
Bahrain does not yet have any mandatory e-invoicing rules but plans to introduce them soon, in line with other Gulf Cooperation Council (GCC) countries. The National Bureau for Revenue (NBR), Bahrain, has invited public comments via the Bahrain Tender Board on the proposed legal framework for introducing e-invoicing in Bahrain. The NBR is expected to create a central platform for processing e-invoices and defining the specific rules. There are no clear timelines in place yet for the implementation of e-invoicing or the model to be followed in Bahrain.
What Does it Mean for Organizations
Once the e-invoicing rules come into effect, organizations in Bahrain will have to update their invoicing processes to ensure compliance. This means overhauling existing manual processes and moving to a robust electronic billing system (a technology platform) that can automate and manage the end-to-end invoicing process.