English translation published by the Legislation and Legal Opinion Commission. The Arabic text published in the Official Gazette remains the legal reference in the event of any discrepancy.
Where a Supply is made in another currency, invoice amounts must be converted into Bahraini Dinars using the Central Bank of Bahrain-approved exchange rate at the date of Supply, and the applied rate must appear on the invoice.
Foreign-currency suppliers and treasury, accounting and invoicing-system teams.
Using payment-date or month-end rates instead of the Supply-date rate can change the Tax base and VAT. The rate source and date should be retained so the conversion can be reproduced and reviewed.
Current text
Invoice currency conversion
- 1
Determine the Supply date before selecting a rate.
- 2
Use the CBB-approved exchange rate for that date.
- 3
Convert the required values and VAT into Bahraini Dinars.
- 4
Show the applied exchange rate on the invoice.
- 5
Retain evidence of the rate source and date and a policy for days without a published rate.
Connected provisions
Official guides and tools
Connected Madar tools
USD invoice issued after the Supply date
If Supply occurred on 30 June and the USD invoice was issued on 2 July, the approved rate for the 30 June Supply date applies, not the 2 July rate merely because that is the issue date.
Questions to help you apply it
- Which Supply date determines the exchange rate?
- What approved rate and evidence support the conversion?
- Does the invoice show Dinar values and the rate used?