Businesses need to record and report VAT obligations.
Upon the implementation of Value-added Tax (VAT) in Bahrain, businesses within annual supplies threshold of USD 100,000 will need to record and report VAT obligations as well as refund entitlements to the competent tax authority. This include independent board members of large companies.
To learn more, read this publication.
<p>© 2018 KPMG Fakhro, a Bahrain partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss entity. All rights reserved.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>