Keypoint hosts VAT chat

Manama, 16 October 2017

Keypoint, with the largest specialist VAT team in Bahrain, is hosting a full-day ‘VAT chat’ on Tuesday, less than a month before VAT is introduced in Saudi Arabia and the UAE.

Mubeen Khadir, who heads Keypoint’s tax practice, welcomed the opportunity to update key decision makers from businesses across the GCC on recent legislative developments, such as the final release last week of the UAE’s executive regulations.

‘We are still talking to businesses in Saudi Arabia and the UAE who have not yet started to prepare their people, their systems and their technology for VAT,” commented Khadir. “However, although we are now very late in the day, there are still strategies that companies can adopt that will at least mitigate some of the challenges of VAT and - importantly - lay the foundations for VAT compliance, albeit not making them fully compliant by 1 January 2018.

The Keypoint seminar, which has met with significant demand, has been developed as a modular programme with panel discussions and sector-focused workshops led by senior members of Keypoint’s specialist VAT team.

George Campbell, an associate director in Keypoint’s VAT practice and one of the very few chartered tax advisers in the GCC, welcomed the opportunity to highlight his team’s deep and broad VAT expertise. “As we move quickly towards 1 January, it is important that businesses learn not just from the mistakes of others - but from the successes of others. That is one of the reasons we have built two panel discussions into our full day ‘VAT chat’. The opportunity to learn from key decision makers who are going - or have been - through the implementation process will be welcomed by many.”

Sector-specific workshops on import and export industries (including retail), major projects (focused on the oil & gas and real estate & construction sectors) and financial services (featuring banking and insurance) cover many of the GCC’s industries that will be most significantly affected by VAT - due to be introduced in Saudi Arabia and the UAE on 1 January.

About Keypoint
Keypoint delivers statutory and corporate advice, accounting, investment administration, tax and VAT consulting, human capital, IT consulting, management consulting, financial regulatory compliance and trust administration services to a wide range of businesses, from corporations and financial services and insurance institutions to single owner companies and family managed conglomerates.

Our vision is to be the region’s leading professional business services provider by consistently providing a full range of business services that are:

  • Reliable
  • Cost-effective
  • Smart

About Keypoint's tax services
Our team, all based in Bahrain with immediate access to Saudi Arabia, includes VAT implementation specialists and technology specialists. Keypoint has the largest specialist on-the-ground VAT and IT implementation team serving Bahrain and Saudi Arabia. Currently delivering VAT engagements locally in Bahrain, Saudi Arabia and the wider GCC, our team has worked on numerous VAT implementation engagements in sectors including financial services and insurance, oil & gas, real estate and construction, family businesses, automotive and healthcare.

For more details, please contact:
Tom Gilbert
Head | Business Development
+973 17206825 | +973 38338643