MANAMA: Businesses will suffer a bigger impact if they do not get things right when Bahrain’s value-added tax (VAT) increase takes effect, an expert has warned.
According to Omar Hisham, tax and corporate services senior manager at KPMG in Bahrain, businesses hitherto may have taken VAT costs less seriously as errors at 5 per cent or the inability to claim input VAT may not have had a material impact on their finances .
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