This issue is filled with great insights and expert commentary on areas that are relevant to the legal landscape and highlight how the business community is embracing technology, media and telecommunications. There are various topics covered, from new ways of working and digital transformation in the finance sector to data protection regulatory updates and guidance. We also have a series of articles that focus on e-commerce across a number of jurisdictions.
You will also find insights from our lawyers around real estate analytics, tech trends, and data centres.
We hope this edition of Law Update provides some useful food for thought – enjoy the read!Take a read of the edition
Businesses with an annual taxable turnover between BHD 500,000 and BHD 5,000,000 are required to register by 20 June 2019. This requirement follows the Bahrain Ministry of Finance’s (MoF) previous announcement that VAT registration will be launched in three phases.
Businesses should consider the VAT treatment of their transactions to ascertain whether they are required to register for VAT. While the phasing of the requirement for businesses to register for VAT provides some transitional relief to businesses, it is important that businesses should commence their preparation for VAT immediately.
Al Tamimi can advise you on whether you are required to register for VAT and assist you with a VAT impact assessment or perform a second review to confirm the VAT treatment of your transactions. Please click here for our brochure on VAT implementation in Bahrain.
Please do not hesitate to contact Al Tamimi’s Tax Team if you require any assistance.
Click here to follow Al Tamimi’s Tax Team’s LinkedIn page for more updates on tax developments in the Middle East.