Keypoint’s tax practice has announced the launch of TaxMatters, a monthly webinar which focuses on significant business challenges.
This comes as tax has been becoming an increasingly business-critical issue for organisations across the GCC.
“The imposition of VAT in Bahrain – as part of a GCC-wide initiative to support the diversification of government revenue and modernise national economies – was the first time many key decision makers here in Bahrain had to take tax into account,” Keypoint’s Australian-qualified tax lawyer Mark Gamble said.
“Until March, VAT was probably the most significant change to business practices in most people’s lifetimes.
“As we know, the impact of VAT has been completely overshadowed by Covid-19 – but we have seen in Saudi Arabia that one fiscal response has been to triple the rate of tax.
“We hear from clients every day, asking about not just changes to the tax landscape but also about possible impending changes.
“As a result, we thought that this was the perfect time to launch a quick, focused series of free interactive webinars,” he added.
“The team and I will talk for 20 to 30 minutes and answer questions for 15 to 25 minutes.
“Any questions that require more in-depth advice – or that we just run out of time to answer – will be dealt with later.”
The Tax Practice, which has been in existence for more than three years, will host the monthly free webinar series on the second Monday of every month at 10am.
It will feature senior members of Keypoint’s tax team as well as occasional special guests.
“Keypoint was proactive in establishing a tax advisory function back in 2017 with a small focused team, supported by a dedicated business development function,” Keypoint group managing director Wajdi Al Jallad said.
“Having grown and established our tax practice over the last three years, we now have the right team of almost 20 people offering a range of tax services and adding value to clients in Bahrain and Saudi Arabia.”
Mr Gamble, who has worked with professional services firms in Australia and the UK, said that the company wants to keep the webinars as user-friendly as possible.
“We are also planning to repeat the webinars in Arabic, which is a feature that a lot of our clients in Saudi Arabia have asked for,” he added.
For more information, visit www.keypoint.com.
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