RSM Bahrain

Value Added Tax

Given the overall decline in oil prices in recent years, it has been necessary for the GCC member states to explore other sources of revenue and reduce dependency on hydrocarbons as the main contributor to the public purse. As a result, the GCC member states have signed a unified framework agreement for the implementation of VAT and Excise Taxes. Member states will also implement their own domestic legislation that will govern the introduction of these taxes. The UAE and KSA have implemented VAT in January 2018, and Bahrain is expected to introduce VAt in 2019.

RSM’s specialist team can help you plan a VAT-efficient approach to every aspect of your business to enhance cashflow and minimise risk.

Our services include:

  • VAT registrations
  • Preparing and submitting returns
  • Assessment of specific transactions
  • Advice on special and complex transactions
  • Support correctly setting up your booking systems (ERP)
  • Support prepating invoice and credit note templates
  • VAT training workshops

International VAT Update - November 2017

14 November 2017
Breaking VAT news from around the world, including updates from the European Union, Romania, Hungary, Slovakia, Ireland, Norway and the Gulf Cooperation Council.

Indirect Tax Update - February 2016

16 March 2016
This edition of RSM's EU VAT Group's Indirect Tax Update includes Netherlands, Switzerland, Belgium, France, Hungary, Italy and the UK.   Netherlands Proposed changes in treatment of long term property lease (sale and lease-back)

BEPS - The calm before the storm

16 March 2016
In October 2015, two and a half years of frenetic activity culminated in the release of the final reports of the G20/OECD ‘Action Plan’. These outline the changes necessary to make the international tax framework ‘fit for purpose’ in the digital age.

European Commission presents anti-tax avoidance package

16 March 2016
On 28 January 2016, the European Commission (EC) presented its EU Anti- tax Avoidance Directive, a constituent part of the EC’s Anti- Tax Avoidance Package (ATAP ) which increases tax transparency  and makes for fairer, simpler and more effective corporate taxation in the EU.

How can we help you?

Contact us by phone +973 1753 7787 or submit your questions, comments, or proposal requests.

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