KPMG in Bahrain has launched a mobile application ‘KPMG VAT Toolkit’ to assist businesses in the Kingdom understand value-added tax (VAT) and evaluate its impact on the way business is conducted and supported.

VAT is expected to be introduced in the Kingdom in the second half of 2018.

KPMG VAT Toolkit contains up-to-date information, insights from KPMG’s subject matter experts and practical tools, best practice information from around the World and all lessons learned from Saudi Arabia and UAE, all aimed at helping businesses and individuals prepare for the new tax system.

The easy-to-navigate application is available for iOS and Android devices and also features a VAT Compliance Tool, enabling users to get familiar with the upcoming VAT compliance and their VAT payable or recoverable position.

Philippe Norre, partner and head of Tax at KPMG in Bahrain said: “KPMG VAT Toolkit offers a wealth of readily available VAT knowledge presented in a very practical way and accessible to anyone, anywhere, using their mobile devices. Our value-add VAT Compliance Tool provides valuable information for business owners on the developments their predicted VAT position and will be kept updated and valuable once the tax is introduced.”

The application also features the latest indirect tax updates, as well as KPMG’s insight on related tax topics, infographics and publications. This is in addition to KPMG in Bahrain’s latest news, events and training courses.

The application is available for Android and iOS users, who can download it free of charge from Apple Store or Google Play from a smartphone or tablet. – TradeArabia News Service