DUBAI, Sept 27 (Reuters) - Bahrain's government sent a draft bill to parliament for approval to amend the value-added tax rate, currently at 5%, from next January, the state-run Bahrain News Agency said on Monday.
BNA did not say whether the amendment referred to a hike or a cut in the rate.
But a parliamentary source and a source close to the government told Reuters on Sunday the government is considering doubling VAT to 10% to boost state revenues and reduce its budget deficit. (Reporting by Lisa Barrington and Yousef Saba)
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