KPMG in Bahrain is organizing a seminar to reflect on 1,000 days since the implementation of value-added tax (VAT)

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KPMG in Bahrain is gearing up to host an online seminar session on Wednesday 14 July 2021 to review the key learnings during the first 1,000 days since the introduction of VAT in the Kingdom of Bahrain, and discuss what to expect going forward. 

Having introduced VAT on 1 January 2019, the Kingdom of Bahrain is rapidly arriving at a major milestone to mark 1,000 days of VAT. This is a critical juncture in the journey, and the laws, policies and processes on VAT has significantly evolved over the period to a level of maturity within the marketplace. With the aim to decode the journey, KPMG in Bahrain’s Tax team will highlight during the live webinar the impact VAT might have had on the marketplace or may develop in the future. 

Mubeen Khadir, Partner and Head of Taxes and Corporate Services at KPMG in Bahrain, commented on the upcoming event, and said “Looking back at the previous VAT cycles, lack of knowledge about the registration process and the inaccurate record-keeping and tax accounting remain among the main challenges faced by businesses in Bahrain. As we are approaching the 1,000 days of VAT landmark, I encourage all eligible businesses and business owners to attend the seminar to gain insight on the lessons learnt from the previous phases and the recommended solutions.” 

During the session, KPMG in Bahrain’s Tax team will review requirements and best practices in tax accounting, which is crucial for businesses to ensure ongoing VAT compliance. They will also address any issues raised by the attendees. 

For more registration and more information, please contact Khalid Seyadi directly on kseyadi@kpmg.com

KPMG in Bahrain is a member firm of KPMG International. The firm was established in 1968 as the first national accounting and auditing firm, and it has grown to be one of the largest professional services firms in the country.  The firm provides Audit, Tax and Advisory services to a wide array of clients operating in different sectors, utilizing the in-depth technical and industry experience of its professional staff. 

About KPMG:

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 147 countries and territories and have more than 219,000 people working in firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.