One of our resident VAT experts, Adnan speaks about how VAT can have an impact on businesses in Bahrain by highlighting the following key points:-
- Impact on Revenue
- Procurement and Input Tax
- Contracts & Policies
- Record Keeping, IT & ERP Systems
- Compliances
He also emphasized that Affiniax can help in the following ways :-
- VAT impact assessments
- Advise on tax-efficient structuring/
- Drafting of Sample Tax Invoices & Tax Credit Notes
- Registering and filing VAT returns