TAG-Org Organizes Workshop on Value Added Tax in Bahrain

News

  • 08-Mar-2019

    TAG-Org Organizes Workshop on Value Added Tax in Bahrain

    Manama - Talal Abu-Ghazaleh Organization (TAG-Org) organized a technical workshop on VAT and its impact on the education and health care sectors, with the participation of more than 150 employees working in these sectors. 

    The workshop, which was held at the Talal Abu-Ghazaleh College of Business in Manama on February 14, represents the group's keenness to introduce this tax, which the GCC countries have agreed to implement at a basic rate of 5%. The Kingdom of Bahrain already began implementing it gradually since the beginning of this year, with some exceptions. 

    "The education and healthcare sectors are zero-rated, but many of the basic necessities and requirements falling under these sectors are subject to this tax," said Professor Sachin Sharma, Senior Tax Manager at Talal Abu-Ghazaleh & Co. International (TAGI).

    He pointed out that the purpose of the workshop is to define the level of impact of the tax implementation on the two sectors and on citizens, and to clarify a simplified approach and ways to deal with them properly. It is also based on the role of Talal Abu-Ghazaleh Organization in developing the capabilities of employees to meet the new services required in the Gulf countries, and how to deal with it computationally.

    It is worth mentioning that Talal Abu-Ghazaleh Organization (TAG-Org) has a team of tax specialists in various countries, who can be contacted by e-mail: ssharma@tagi.com.

    Talal Abu-Ghazaleh Organization (TAG-Org) is the largest international group in the fields of accounting, external audit, internal audit, corporate governance, taxation, educational consultancy, economic and strategic studies, website development and design, professional translation, domain name registration, strategic planning of information and communication technologies, consulting services for resource planning, registration and protection of intellectual property, intellectual property renewal, protection and management of intellectual property rights, legal services (consulting and law firm) and public offerings.

    Talal Abu-Ghazaleh Organization (TAG-Org) was established in 1972 and operates through its more than 100 offices and 150 representative offices around the world.

     

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