Keypoint’s market-leading tax team are hosting a series of webinars, keeping key decision makers at Bahrain and regional businesses updated on VAT returns, NBR updates, the implications of COVID-19 for VAT and the financial services sector and other tax developments, such as Bahrain’s recently introduced economic substance rules.
Details on how to register in this week’s TaxFlash.
With Bahrain-registered businesses required to prove that they have genuine commercial operations and management in the country, the Ministry of Industry, Commerce and Tourism (MoICT) has extended reporting deadlines to 30 June 2020.
For more details, please see our flyer or contact our ESR team.
Read more about FATCA’s Reporting deadline that has been extended for Model 2 FFIs & Participating FFIs, as well as FATCA’s CCG updated FAQs in this week’s FATCA newsflash.
For more details please contact Dr Mukund Ballal on 1720 6813, Najeeb Razzaque on 17206857 or Ghada Awdi on 1720 6838.
The NBR has not announced any extension to the February 2020 VAT return deadline as a result of COVID-19. More details in this week’s TaxFlash.
Cybersecurity experts are warning that cybercriminals are exploiting changes in the way people are working in the wake of COVID-19 to distribute malicious payloads and attempt to extract data from remote workers. For more, please see our newsflash or contact our IT security team.
Transfer pricing (TP) is an increasingly ‘front of mind’ issue for all businesses in the Middle East. Saudi Arabia’s General Authority of Zakat and Tax has developed a set of TP by-laws based on international standards. Refer to our tax alert for more details – or speak to your Keypoint contact.
Saudi Arabia’s General Authority for Zakat and Tax (GAZT) has announced a number of key measures to ease COVID-19-related burdens on businesses.
Read our alert for more details and updated reporting deadlines.
The COVID-19 pandemic has impacted businesses across the globe. Cancellations have become a fact of life – but the VAT effects can be significant and should be carefully considered.
As Saudi Arabia’s General Authority of Zakat and Tax (GAZT) looks to increase zakat revenue, it has released draft collection regulations for public consultation. If approved, they should become effective on 1 January 2021.
For more details, please read our brief or contact our tax team.
The COVID-19 pandemic has impacted businesses across the globe. Cancellations have become a fact of life – but the VAT effects can be significant and should be carefully considered. For more details, please read our brief or contact our market-leading VAT team.