MANAMA: The first 100 days of VAT in the GCC and the lessons to be learnt for Bahraini businesses from the introduction of value-added tax in Saudi Arabia and the UAE were the themes of a seminar organised by KPMG at the Downtown Rotana Hotel.
The seminar, ‘VAT compliance for Bahrain businesses in Saudi and UAE: the do’s and don’ts in Bahrain and beyond’ examined the current implications on Bahraini businesses with operations in or with Gulf countries that have already implemented VAT, how to tackle these, how to ensure a correct tax treatment from business partners and what to expect in Bahrain including process and technology solutions .