Answer the Questions

Question TWO (Attempt any two) (2.5 Marks Each) A. What do you mean by VAT? When must resident of Bahrain registers for VAT? B. What do you understand by input VAT and output VAT? In which situations, taxable person can claim input VAT? C. What is Taxable Person according to guidelines of NBR Directorate? How taxable person can appoint tax representative