GEC NEWS WIREHosted by GEC Media Group and powered by Sage Middle East, Tax Transformation Workshop was launched at The Gulf Hotel Bahrain on 19th December 2018. The event was also held in association with Business Transformation, AI Society of Bahrain and Global CIO Forum.
Bahrain will be the next country to implement VAT after UAE & Saudi Arabia. This introduction of VAT will be a big challenge for the Bahrain market. Organizations from a largely non-tax environment will be required to meet significant obligations critical to the operation of the new VAT system. The Tax Transformation workshop examined the rules and regulations of VAT and clearly demonstrated the procedures and controls that should be in place to ensure VAT returns are submitted accurately and on time. This workshop also gave the attendees a complete understanding of VAT, covering all the essentials topics and giving them the confidence to know if they are dealing with VAT correctly.
Tanmay Saxena, Head of Department – Tax Services, Affiniax Partners presented on how the GCC VAT framework can impact the businesses in Bahrain. While Mansoor Sarwar, Director – Technical Services, Sage Middle East mentioned the key steps that the companies need to take in Bahrain to be prepared for VAT.
Faraz Afzal, Pre-Sales Consultant, Sage Middle East presented an interesting demo on using Sage technology to become VAT compliant.
Dr. Jassim Haji, President of AI Society Bahrain said – “Yet another successful event in the Kingdom of Bahrain. With the added value of technology to the business and community, the strong partnership between GEC Media Group and AI Society takes a step higher. I look forward to more events and partnerships with this leading media group.”
GEC Media would like to thanks our partners –
Sage Middle East, AI Society Bahrain
Knowledge Partner – Affiniax Partners
Supporting Partners – Fame Technology Solutions & View
