Bahrain’s Telecommunications Regulatory Authority (TRA) is holding a “VAT for Telecoms Workshop” in collaboration with KPMG from April 24 to 26.

The workshop was conducted with the purpose to discuss VAT which will be introduced soon in Bahrain and which will have an effect on several functions within the telecoms sector.

The workshop gave an overview of VAT in GCC and discussed several fundamental VAT aspects, such as the impact of VAT on the business sector in Bahrain, application of VAT on the telecoms industry, as well as VAT reporting requirements, legal aspects, and HR and employee benefits in addition to pricing strategy.

Sheikh Mohamed bin Salman Al Khalifa, director of Finance, Information Technology, & Human Resources, said: “Our Kingdom is very dynamic, and it is our duty to keep up with what is surrounding us. We are holding the VAT for Telecom workshop that has a very significant effect on the sector as it is the Authority’s role to create awareness to those individuals.” – TradeArabia News Service