MANAMA: KPMG in Bahrain is gearing up to host its first tax summit to be held virtually next week.
The summit, themed ‘Reimagining Tax in the Kingdom of Bahrain’, will take place from Monday to October 14 and is designed to not only provide practical business-relevant industry updates through sector break-out sessions but also recommendations on best practice approaches for efficient tax management and what to expect for tax in Bahrain in the months to come.
The summit will also include answers from the National Bureau for Revenue (NBR) on questions from taxpayers.
Commenting on the upcoming event, Philippe Norré, partner and head of tax and corporate services at KPMG in Bahrain, said, “In the current business environment, most organisations are looking to re-engineer their core processes. Business strategies for digitalisation and digital transformation are being accelerated, and the priority for automation of processes and protocols are rising. As businesses look towards considering automation of the VAT processes to help navigate through the complexities throughout their entire supply chain, they will need to consider issues pertaining to accuracy, compliance, resource optimisation and how the overall technological intervention can contribute towards their operational excellence.”
Mubeen Khadir, tax and corporate services partner at KPMG in Bahrain, said, “Data management and tax accounting require an inevitable switch to tech-based solutions, more than ever before. Our team have coupled practical working knowledge and subject matter expertise to develop a market leading tech-based compliance and reporting solution – ‘KPMG Enara’. Our IT-enabled tax solution has been specifically designed to meet the needs and requirements of any business to ensure compliance with NBR, while also providing reliable end-to-end automation in the organisation’s processes.”
The summit will host key knowledge sessions across three days facilitated by the KPMG leadership team, and include KPMG in Bahrain managing partner Jamal Fakhro and KPMG International global head of indirect tax Lachlan Wolfers as guest speakers.
The summit is complimentary for all registered participants.
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