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TaxFlash
21 March 2019
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This TaxFlash has been designed to keep our valued clients up-to-date with relevant VAT developments. Please contact the Keypoint VAT team if you have any questions about this TaxFlash. Click here if you'd like to be added to our mailing list.
Bahrain
Saudi Arabia
Oman
  • On 17 March 2019, the Ministry of Finance, represented by the Secretariat General of Taxes (SGT), regretted the EU's decision to include Oman in their blacklist of tax havens, despite the Sultanate's effort to meet EU requirements. The SGT also re-iterated its efforts to continue meeting criteria stipulated in agreements and treaties to enhance cooperation with other countries' tax authorities. 
Kuwait 
UAE
  • No updates for this period 
Qatar
  • No updates for this period
As advisors of choice to Bahrain's insurance sector, we were delighted to host a roundtable for key decision makers across the industry on Sunday 17 March at the Capital Club Bahrain.

Omar Hisham and Zainab Mearaj, advisers to the insurance industry who have worked on engagements with insurance companies in the UAE, Saudi Arabia and Malaysia as well as Bahrain, led discussions on a number of issues for insurers, reinsurers and brokers.

Omar, who is recognised as a trusted adviser to the insurance industry, said that the companies should develop a consistent approach to industry-wide issues, rather than developing individual stances that may or may not be accepted by the National Bureau of Revenue (NBR), Bahrain’s tax authority.

For more details on our roundtables, please contact bd@keypoint.com
Keypoint's specialist VAT team - the largest in the Kingdom of Bahrain - has developed a reputation for excellent VAT seminars. Our next seminar - aimed at key decision makers in businesses that have registered for VAT - will be held at the Downtown Rotana in Manama on Monday 25 March.

The seminar will include a panel session featuring key decision makers from the financial services, real estate & construction and distribution sectors who are - or were - responsible for VAT implementation, as well as a number of VAT-related presentations.

Seats are now very limited - but please contact bd@keypoint.com to be added to the waiting list.
Our services
Keypoint assists with VAT implementation, as well as post-implementation services. Our VAT health-checks, advisory retainer support, and VAT return reviews give you comfort that your VAT return preparation process is robust.

Click on the image for more details on how we can assist you with managing your VAT compliance and other obligations - or speak to your regular Keypoint contact for more details:

Mubeen Khadir | Head of Tax
mubeen.khadir@keypoint.com | +973 1720 6879

Mark Gamble | Senior Manager
mark.gamble@keypoint.com  | +973 1720 6872

Raman Ohri | Senior Manager
raman.ohri@keypoint.com | +973 1720 6814

Sheikh Omar Hisham | Manager
omar.hisham@keypoint.com | +973 1720 6877

Willem Bam | Manager
willem.bam@keypoint.com | +973 1720 6875

Tariq Haq | Manager
tariq.haq@keypoint.com | +973 1710 3480

© 2019 KEYPOINT - DISCLAIMER

TaxFlash is intended to provide general updates in relation to tax in the GCC. It is not a substitute for professional advice. You should seek appropriate professional advice from a tax advisor before making any decision relating to your particular circumstances.
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