VAT & TAX SERVICES

VAT & TAX SERVICES

VAT Advisory

• Render advisory on day-to-day VAT issues.
• Review of agreements, arrangement and analysis of VAT implications thereon.
• Provide comments/suggestions on the need for any changes in the transaction so as to optimize VAT costs.

VAT Compliances

• Obtaining necessary registrations required under VAT Law.
• Determination of the Input VAT eligibility & set-off against the tax liability.
• Review of documents, reports & reconciliations
• Computation of periodic tax liability
• Preparation and filing of periodic indirect tax returns (i.e., monthly/ quarterly/ annual returns.

VAT Training and Refund Assistance

VAT Training

• • Due to the complex nature of VAT, it is imperative for a business to ensure that its resources are trained in this area, so that they can handle day-to-day tax work efficiently. We impart training in the field of VAT to client’s team for building their capacity in handling VAT issues/ compliances etc.
  • Conduct Special training sessions on identified topics relevant for client’s business/ industry for key personnel.

   

  VAT Refund Assistance

  • Review of expenses and details on which input VAT has been claimed
  • Review of sample vendor invoices to ensure compliance.
  • Prepare documents required by the Department to establish.
  • Prepare and file refund application online with the Department.
  • Co-ordination with the Department to process refunds.

   

  VAT Advocacy with NBR

  VAT Advocacy

  • As a registered VAT Agent in Bahrain, we represent and assist taxpayers before the NBR on their VAT matters.
  • Make relevant submissions with the Department in relation to any penalties/ fine levied on the business.
  • Liaise with the Department for any inquiries/ audit being conducted and support clients to complete the same in a structural and efficient manner.
  • Assist business in filing of appeals or resolve issues with the Department.
  • Assist business in VAT related litigations/ dispute resolutions.