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VAT

ATC is the one of accredited TAX AGENT in the Kingdom of Bahrain. ATC will take your hand in a simplified journey for VAT registration & filing in accordance with VAT Laws in KINGDOM OF BAHRAIN. ATC has a strategic partnership with best and most experienced VAT experts in KINGDOM OF BAHRAIN.

Requisites in VAT Calculation and VAT Accounting System:

♠Explain the VAT requirements to the Business owners and accounting staff
♠Guide the clients on what necessary information / documentations are required for VAT filing.
♠Ensure that receivable and payable invoices are in compliance with VAT guidelines/
♠Review VAT ratio calculations
♠Review filing reports and necessary documents.
♠Setting reminders for periodic filing for the clients.
♠Follow up with clients to ensure related VAT payments are processed on time to avoid any violations.
♠Support the clients in setup of their systems to comply with VAT regulations.
♠Provide expert’s support in case of violations

Managing the VAT transaction process:

VAT team leader
Accounting systems
Invoicing under VAT
Filing of Return VAT Return
Reconciling Violations
Special VAT requirements
VAT team leader

For shifting the transactions into KINGDOM OF BAHRAIN VAT compliance and to function smoothly and in a timely manner, we will select a responsible person/team from the company to lead / support VAT Implementation project.

Accounting systems

The present accounting systems will be scrutinized. Proper classification/ grouping with appropriate chart of accounts suitable for VAT regime will be suggested. Necessary guidelines will be given to the accounts team for preparing the Declaration VAT return to the National Bureau for Revenue (NBR).

Invoicing under VAT

The requirements of VAT invoicing under the KINGDOM OF BAHRAIN VAT Law will be implemented. Proper guidance will be given to the concerned staff and proper training to the Accountants and other departments connected to sales.

Filing of Return VAT Return

The support for preparing and filing of the first VAT return by taking the correct input tax credit against the total VAT liability with guidance on planning/better timing of cash flows.

Reconciling Violations

Assigned staff and / or VAT experts will lead the correction of violation process (where necessary) to ensure proper compliance with VAT regulations.

Special VAT requirements

Create Standard Operating Procedures (SOP’s) for VAT requirements. Those SOP’s will be added up to the clients’ policies and procedures to ensure long-term solutions and avoid un-necessary violations in future.

About Us

ATC is growing company established in the Kingdom of Bahrain working to provide integral management services with very competitive rates.
As ATC is company based in the Kingdom of Bahrain to be a certified translation office in the Kingdom of Bahrain. In addition ATC is a partner and a cornerstone in supporting the economic transformation witnessed by the Kingdom of Bahrain.

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Contacts

info@atcbahrain.com
Mobile: +973 37111217
Mobile: +973 34129448 & +973 39775351
Office 665- Bldg.663- Road 1808- Block 318- Hoora (Exhibition Road in front of Gosi Complex)- Kingdom of Bahrain

© 2018 ATC Bahrain