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- 20 Mar, 2019
Could blockchain transform the GCC’s VAT system?
With the introduction of VAT in the Middle East (UAE, Saudi in 2018 and Bahrain in 2019), the governments had a clean sheet to work with. From e-registration to manual e-filing, they’ve introduced a lot of technology in a very short amount of time. Companies also had to adapt very quickly and both parties are just beginning their journey of tax and revenue automa...
More... - 15 Mar, 2019
We must ensure smooth VAT implementation
Bahrain being part of GCC, is obliged to comply and apply the VAT treaty which came to face and absorb some difficulties. First, it is better to mention that the new VAT is of certain features including, among other things, a small rate of five per cent compared with 17 to 20pc in developed countries including Germany, France and the UK. Also, the exemption of many es...
More... - 17 Mar, 2019
KPMG Organizes a Seminar on Tax Compliance and Reporting for Businesses in Bahrain
Approximately 200 key members from the business community in the Kingdom of Bahrain attended an exclusive seminar organized by KPMG in Bahrain for VAT registered and to-be registered businesses to discuss tax compliance and reporting obligations. This in preparation for the first VAT return cycle coming up in April this year. VAT has now been live in the Kingdom of...
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