Value Added Tax (VAT)
Our VAT leadership and team consists of experienced, passionate and ambitious staff who have VAT implementation, Advisory, Compliance and VAT Audit experience across various industries. Our Team is competent to provide end-to-end solution in relation to VAT in Bahrain and other GCC countries. We are determined to own client’s challenges, train and make things simple and easy. We will be able to provide solution with respect to Value Added Tax (‘VAT’) to be introduced in Gulf Cooperation Council (‘GCC’) countries 2018.
VAT Advisory
Advice on VAT treatment of a specific business case or all transactions (VAT Transactional Impact Analysis). Conduct a VAT Health Check to highlight adverse tax positions adopted and compliance gaps. Assist with procedural works, such as submitting VAT Registration, De-registration and Clarification forms on the Tax Authority’s e-services portal.
VAT Compliance
Review of VAT returns to be filed on a periodic basis and assist with reporting requirements. Review sample documents to advice on any compliance gaps.
VAT Audit
Assistance in coordinating with the Tax Authorities during an official tax audit for VAT purposes. Alternatively, we may represent the client against the Tax Authority during the Tax Audit.
VAT Litigations
Provide details of information/documents required for, and assist with: Filing the VAT Reconsideration form on the Tax Authority’s e-services portals.
VAT Refunds
Assist with Tax Authority Information Requests for VAT Refunds filed, VAT Tourist Refund Scheme, VAT Refund for Business Visitors.