KPMG in Bahrain invites you to attend the first ‘virtual’ Tax Summit in the Kingdom of Bahrain covering the most recent and pertinent developments that impact businesses in the marketplace.
The summit has been designed to provide dedicated sector-focused industry updates, along with key insights from Jamal Fakhro, Managing Partner, KPMG in Bahrain, the National Bureau for Revenue (NBR), and the KPMG Tax leadership - Philippe Norré and Mubeen Khadir.
Given the acceleration towards digitalization and digital transformation within the marketplace, the summit will have a special focus on Tax Technology including a live demonstration of a technology solution for VAT compliance & reporting combined with insights from best practice industry approaches towards NBR audits and the future of taxation in Bahrain.
Heads of Finance, Finance and Tax managers, Heads of Internal Audit, CIOs, COOs of businesses across all sectors in Bahrain. The summit is also a unique learning opportunity for aspiring tax and finance professionals in the Kingdom of Bahrain.
Day 1: 12 October 2020: Tax reimagined: Bahrain tax update
Insights from Jamal Fakhro, Managing Partner, KPMG in Bahrain and the NBR. In addition, the market leading KPMG Tax team will highlight key NBR updates that may impact businesses in the marketplace, with a focus on practical challenges and solutions since the introduction of VAT in Bahrain.
Q&A session with the KPMG Tax leadership - Philippe Norré and Mubeen Khadir.
Day 2: 13 October 2020: Tax reimagined: Industry updates
(participants can attend more than 1 session)
VAT for financial services sector can be complex and challenging. The KPMG Financial Services VAT specialists along with a panel of industry experts will run a focused session on recent developments and ongoing challenges that may impact the Financial Services sector.
Should the transaction be zero-rated, standard-rated or exempt? Place of supply, time of supply, type of supply are key pressure points within the sector and are resulting in costly compliance and risk-exposures. The KPMG Real Estate tax specialists along with a panel of industry experts will help participants navigate through some of the complexities and provide practical solutions to some of the challenges faced by the sector which reinforces the economy of Bahrain.
COVID-19 has further impacted profit margins of businesses focused on nurturing their market share and client loyalty. Retailers and wholesalers need to ensure their compliance with reporting obligations and apply the appropriate VAT treatment across a spectrum of products and services. Timely and accurate VAT reporting and application of the appropriate VAT treatment offer opportunities for businesses to optimize their cash flow position and avoid a negative return on investment due to regulatory penalties and unforeseen VAT costs. The KPMG FMCG tax specialists along with a panel of industry experts will aim to provide a practical session tailored to issues and challenges faced by the retail and wholesale sector.
Day 3: 14 October 2020
Join the KPMG Bahrain Tax leadership team and the KPMG global Head of Indirect Tax, Lachlan Wolfers, for the second plenary session of the summit.
Please register by clicking on the above link(s). If you wish to attend multiple sessions please ensure you click on each link to register for the relevant session. For more information and assistance, please feel free to contact Khalid Seyadi directly on firstname.lastname@example.org