Accounts and Business records to be maintained under VAT in Bahrain It is the compliance responsibility of the businesses registered under Bahrain VAT, to maintain books of accounts and records. The VAT in Bahrain mentions different types of records to be maintained and also time period of retaining such records. In this blog, we will see the different types of records that are to be maintained under Bahrain VAT and time period for retaining it. Retention of Records and Accounting Books The following records and books should be maintained by a VAT registered business in Bahrain: The Books of Account which are related to taxable person’s work (all the transactions according to their chronological and numerical order) Balance sheet and profit and loss account Records of salaries and wages Fixed Assets record Stock records and accounts at the end of any relevant tax period A copy of tax Invoices, credit and debit notes issued, and original Tax Invoices received by the taxabl...