VAT QUIZ: General questions

1. What is input VAT?
a. VAT paid only on imports
b. VAT paid on exports
c. VAT paid on all purchases and imports
d. VAT collected on supplies
2. What is the treatment of transactions between branches of the same legal entity (i.e. branches of the same CR)?
a. Standard rated (5%)
b. Zero-rated
c. Exempt
d. Outside the scope of VAT
3. Can a VAT-registered business purchase goods or services from a business that is not VAT-registered?
a. Yes
b. Yes, only after the VAT-registered business receives permission from NBR
c. Depends on the type of good or service supplied
d. No
4. The currency used on a tax invoice must be:
a. Bahraini Dinar (BHD)
b. Bahraini Dinar (BHD) but any invoice presented in USD is also acceptable
c. Depends on the value of VAT payable to NBR as per the invoice
d. Depends on the type of good or service supplied
5. The language on a tax invoice must be:
a. Only English
b. Only Arabic
c. Either English or Arabic
d. None of the above are correct
6. Which of the following information must be included on a tax invoice?
a. The name of the supplier
b. The address of the supplier
c. VAT account number (also referred to as Tax Registration Number) of the supplier
d. All of the above are correct
7. If the transaction happened on 27th January, the tax invoice must be issued:
a. At the latest by 27th January
b. At the latest by 31st January
c. At the latest by 15th February
d. None of the above are correct
8. Simplified invoice can be issued:
a. When invoice amount is greater than BHD 750
b. When invoice amount does not exceed BHD 500
c. When invoice amount is lower than BHD 1,000
d. When the sale is repetitive
9. What is the deadline for submitting tax returns?
a. At the end of the year
b. On the last day of the month following the end of the tax period
c. On the last day of the month of the tax period
d. None of the above are correct
10. Please assess the validity of the following statement: “Until further notice, any transaction involving another GCC Member State is treated for VAT purposes as a transaction involving a non-GCC State”:
a. True
b. False
c. Depends on the type of service supplied
d. Depends on the type of good supplied
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