VAT Services for Businesses in Bahrain

VAT Services for Businesses in Bahrain

VAT Services for Businesses in Bahrain: VAT in GCC is reality in Bahrain and will be all over in GCC. Value Added Tax is one of the most complicated and cumbersome tax regimes and many businesses inadvertently overpay or underpay VAT because of poor understanding or lack of professional staff.

We have designed special modules to suit the needs of various Business Individuals, Business Owners, Corporations, Accountants, Auditors, and other Finance Professionals and Corporate.

We provide cost effect and effective VAT services in Bahrain, which includes:

• VAT Consultancy Services
• VAT Impact Assessment
• VAT Training for your Staff
• VAT Filing and compliance
• VAT Accounting
• VAT Implementation in Bahrain
• VAT Fraud Awareness
• VAT Policy Manual
• VAT Registration, Advising on whether to register for VAT
• VAT Exemptions, Advising on exemption issues
• VAT Return Compilation, Completion and filing
• VAT Audit on compliance
• Pre-VAT Audits on business model
• VAT inspections and other complex issues
• VAT Audit Services

For further advice please contact us.

HOW IT WILL IMPACT YOUR BUSINESS IN BAHRAIN?

There will be specific legislation governing the companies’ obligations when it comes to VAT, but if you are engaged in any form of business activity in the Gulf region, most likely there will be several points to take into consideration

• Do I need to update my ERP / accounting system to reflect the correct tax treatment of transactions in the region?
• Do we need to charge the VAT on our sales?
• Should we consider training / educating our employees about VAT?
• If we pay VAT, will we be able to recover it?
• What is the risk we might face if we are not compliant?
• Is my business obligated to register for VAT and file tax returns?

OUR SERVICES

Pre-Registration Assessment

Advising clients on incoming VAT legislation by:
• Reviewing client business model to assess impact of VAT
• Is there requirement of VAT registration or not,
• If required, how the registration process works and technical details around it

VAT Registration

Processing VAT registration application with concerned VAT authorities (complexity will depends on client’s business model and adopted VAT framework GCC)

VAT Compliance & Return Filing

Checking and filing VAT returns

TAX Consultation

• Audits
• Queries
• Compliance checks

VAT Training

Processing VAT registration application with concerned VAT authorities (complexity will depends on client’s business model and adopted VAT framework GCC)

VAT Tax Refund

We are your VAT reclaim specialists means you will have access to a full spectrum of legal and technical experts, who will ensure you get the most money back in the least amount of time

Post Registration Setup

Preparing VAT training and process manual for individual clients specific to their business operations (this will illustrate do’s and don’ts for client)

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