MANAMA: Several benefits are available under Bahrain’s Value Added Tax (VAT) Law which can help businesses to minimise the impact of the Covid-19 pandemic, according to a Bahrain-based tax expert.
Grant Thornton Abdulaal senior manager of tax Muhammad Naveed feels the compliance function in companies needs to stay efficient and ensure compliance even in the midst of this crisis, which can be done by ongoing system health checks, improving accounts payable processes, availing VAT payment instalment option and encashing refund positions .
