Aqid ERPBahrain tax and payroll glossary
The terms a Bahraini business meets with the NBR, the LMRA and the SIO, each with its meaning, a worked example in dinars and the pages where it is used. In Arabic and English.
L
- Leaving indemnity (Bahrain)An expatriate's end-of-service pay in Bahrain: since March 2024 paid monthly to the SIO by the employer.
- LMRA (Labour Market Regulatory Authority)Bahrain's labour market authority: it issues expatriates' work permits and runs the Wage Protection System.
N
- NBR (National Bureau for Revenue)Bahrain's tax authority: it registers businesses for VAT and excise and receives their returns and payments.
V
- VAT account number (Bahrain)The number the NBR gives a business it registers for VAT in Bahrain, printed on every VAT invoice.
- VAT invoice (Bahrain)The invoice a VAT-registered business issues in Bahrain, titled "VAT Invoice" as the NBR prescribes.
W
- WPS (Bahrain Wage Protection System)The LMRA's system for paying private-sector wages in Bahrain, through EMS and a licensed bank, every month.
Aqid ERP in Bahrain
Set up for Bahrain's rules from the first day.
- Plans from 7.9 د.ب a month
- VAT 10 %
- NBR return
- SIO