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Simplify Your e-Invoicing Transition in Bahrain

Comply with the emerging mandate

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.

Key Objectives

  • Assist businesses by fostering a level playing field and minimizing compliance obstacles
  • Enhance the development and monitoring of economic policies by generating more detailed economic data
  • Tackle tax leakages with minimal disruption to economic activities, thereby contributing to Bahrain’s fiscal balance program

Scope of e-Invoicing

While there are no clear guidelines yet on e-invoicing in Bahrain, the rules are expected to apply to:

  • Businesses that are VAT registered
  • Third parties issuing tax invoices on behalf of other taxable entities

Count on SunTec e-Invoicing

  • Seamless Integration: A platform and network agnostic product that effortlessly integrates with any e-invoicing platform through any interoperable network
  • System Compatibility: Multiple integration options allow seamless connectivity with your existing systems for transaction and data flow, making it system agnostic
  • Open Architecture: Featuring a flexible, open software architecture that supports APIs, facilitating easy integration with Enterprise Content Management (ECM) and Document Management Systems (DMS)
  • Customizable Invoice Templates: Generate configurable template-based invoices and credit notes in PDF format, secured with password encryption and automatically emailed to customers
  • Fully Compliant: Adheres to e-invoicing and Continuous Transaction Control regulations across various countries, with the flexibility to adapt to evolving regulatory standards
  • Automated Registration: Streamlined automated process for e-invoicing application registration with regulatory authority systems or portals, ensuring swift compliance
  • Proactive Regulatory Support: Stay ahead of regulatory changes with continuous updates, insights into business impacts, and guidance on how to manage these shifts effectively
  • Comprehensive Reporting: Access out-of-the-box reports and interactive dashboards for real-time analysis, with a powerful Generic Extract tool for custom data extraction

Prepare for a smooth e-invoicing transition – reach out to us today!

Resources to Help Navigate Your e-Invoicing Journey

Navigating e-Invoicing Globally: Eight Essential Factors to Guide Your Decision

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Banking on Augmentation: The Business Transformation Case

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Take the first step towards e-invoicing excellence.

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