Incorrect VAT treatments can result in increased costs and penalties for businesses. VAT rules can be complex and therefore require careful consideration to ensure compliance. Tax authorities across the GCC, including the National Bureau for Revenue in Bahrain, have continued to conduct reviews and audits of VAT returns filed by taxpayers and such reviews have resulted in additional VAT liabilities and imposition of penalties.
KPMG in Bahrain has the most experienced, diverse and largest VAT team in Bahrain – over thirty specialists with extensive VAT experience gained globally – our depth and breadth of experience is unparalleled in the Bahrain market. We will assist you to navigate through the complexities and challenges by providing the right advice with practical solutions to the challenges faced by your business in this increasingly complex and dynamic environment.