The Role of VAT in Promoting Sustainable Development Goals (SDGs) in Bahrain

This literature review explores sustainable development, with a focus on the role of Value Added Tax (VAT) as a significant tax policy. Sustainable development, transcending traditional economic paradigms, considers the holistic interplay of social, economic, and environmental factors. The study emphasizes the United Nations’ 17 Sustainable Development Goals (SDGs) and the transformative role of private investors, particularly High-Net-Worth Individuals (HNWIs), in aligning investments with SDGs. Parliamentary cooperation and the challenges posed by the Covid-19 pandemic are considered, highlighting the need for innovative strategies involving businesses, tax policies, and global collaboration. The study concludes that achieving SDGs requires a collective commitment, with VAT, private investment, parliamentary engagement, and sustainable business practices playing pivotal roles in steering nations towards a future marked by equality, environmental responsibility, and socioeconomic progress.