As part of the firm’s entrepreneurship club activities, KPMG in Bahrain is gearing up to host a seminar session to discuss leadership and the upcoming implementation of the second phase of value-added tax (VAT) in the Kingdom of Bahrain. Effective from 1 July 2019, enterprises with annual supplies’ threshold of BD 500,000 and above will need to register for VAT. The same will apply to smaller entities with annual supplies’ threshold of less than BD 500,000, starting from 1 January 2020.
The half-day event will take place on Monday 17 June 2019 at the Gulf Hotel to educate entrepreneurs and business owners across all sectors on the VAT registration and compliance requirements.
Harish Gopinath, Partner and Head of KPMG Enterprise at KPMG in Bahrain commented on the upcoming event, and said” Small and medium enterprises (SMEs) play a key role in the economy. In the light of the increasing market regulations, it has become important more than ever before to support their growth to enable the continuous growth of the local business community.
VAT should not negatively impact operations or cashflow, if managed effectively. I believe this event is an ideal platform to learn how effective leadership can help turning the new tax system into an opportunity to review and upgrade systems and processes, rather than a burden.”
Philippe Norré, Partner and Head of Tax at KPMG in Bahrain, will be among the key speakers during event to share his insight on the key challenges facing the currently VAT registered companies and showcase the lessons learnt.
The event also featured an presentation from Tim Murray, CEO of Aluminium Bahrain (Alba), providing tips to entrepreneurs on leadership during challenging times.
For registration and more information, please contact KPMG in Bahrain’s events officer Khalid Seyadi on email: kseyadi@kpmg.com.
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For further information, contact:
Afrah Faraj
Marketing Manager, Markets
T: +973 17201495
afaraj@kpmg.com
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