BDO Bahrain provides a comprehensive range of VAT services, from strategic planning and impact assessment to ongoing compliance and audit support. Our dedicated VAT specialists understand your business to identify opportunities for efficiency and mitigate potential challenges.
VAT Advisory:
We offer expert advice on all VAT aspects, including transaction treatment, input VAT recovery, dispute resolution, and accounting issues. Our advisory services include:
- VAT Health Checks: Reviewing VAT accounting and policies to identify errors, risks, and opportunities.
- Special VAT Schemes: Advice and support on schemes such as Business Visitor Refund, input tax apportionment, and other NBR-announced provisions
- VAT Training: Tailored on-site training programs covering VAT principles and compliance.
- VAT Manuals and Policies: Assistance in drafting, reviewing, and advising on tax policies and processes.
VAT Compliance and Outsourcing:
Ensuring accurate and timely VAT returns and payments, along with proper record-keeping, is crucial. We provide:
- VAT Return Review: Ensuring accuracy and compliance of VAT returns.
- VAT Compliance Outsourcing: Comprehensive assistance with data compilation, review, preparation, and submission of VAT returns.
- VAT Refund Support: Guiding businesses through the VAT refund process.
- VAT Registration & De-registration: Support with initial registration and de-registration procedures.
VAT Clarification and Audit Support:
When facing ambiguities or audits from the NBR, our team provides expert support:
- Clarification Requests: Assisting with drafting and submitting clarification requests to the NBR for unaddressed issues.
- Reconsideration and Penalty Waivers: Support in filing appeals for reconsideration of NBR decisions or requesting penalty waivers.
- Tax Audit Assistance: Comprehensive support during NBR tax audits, including pre-audit reviews, data collation, query responses, and post-audit advice on assessments and penalties.