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VAT support

The introduction of VAT in the GCC and the Kingdom of Bahrain in 2018 has brought significant change in the business environment. We have listed below the things you have to prepare for and the factors that we have to consider as we prepare for VAT implementation:

  • Understanding the VAT laws and regulations
  • Accurate recovery of Input Tax and accounting of Output Tax
  • Cash flow management
  • Up-to-date financials and reporting deadlines
  • Periodic audits from tax authorities
  • Enhancement of technology platform, revision of operational transactions, training and development of teams