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VAT Consultancy

DOVAT is providing VAT consultancy. Constant changes to VAT regulations, together with the changes that occur within international businesses as they develop and expand, mean that keeping up to date and compliant with VAT legislation and its correct implementation is a considerable task.

Accordance believes that to provide you with the best service, we first need to understand your business. That’s why we unite an expert indirect tax consultancy with the provision of our international VAT compliance services to ensure your business receives the right advice and VAT services tailored to your business.

With the current plans of imposing the Value Added Tax (VAT) by the Government of Kingdom of Bahrain Tax in Bahrain will be implemented and we stand to offer tax services that will help you comply in procedures needed for your business.

Effective 2018 (expected July), it is anticipated that Bahrain will introduce a broad Valued Added Tax (VAT) at a rate of between 3-5%.

KSA and UAE already starting VAT from Jan 2018. 

To be compliant with VAT requirements, all businesses will need to make adjustments to their:

 *Record keeping

  *Accounting systems

   *Financial reporting

VAT is an indirect tax applied upon the consumption of most goods and services. VAT is levied by VAT registered businesses which make supplies of goods and services in the course or furtherance of their business. VAT will also apply on the importation of goods. VAT is levied at each stage in the supply chain and is collected by businesses on behalf of the Government. VAT is ultimately incurred and paid by the end consumer.

Although VAT will apply to most goods and services there are some likely exceptions: this includes basic food items, essential medicines and exports of goods and international services which are expected to be zero rated supplies.

Furthermore other supplies such as healthcare, education, sale or lease of residential property and finance and insurance are expected to be exempt from VAT.

ur tax experts provide tax strategies tailored to each client’s unique needs. We provide tax consulting services to implement tax planning to minimize the impact of tax liabilities. Our services includes:

*Tax Computation

*Tax Filing

*Tax Advisory

*Tax planning and

*Representations before the Tax Authorities

We also have expertise in the following areas:

*Internal Audit

*Compliance

*Risk Management

*Business Plans and Feasibility Study

*Accounting Advisory

*IFRS Conversion

*Financial Advisory (Feasibility Reports, Financial Projections)

For further assistance please contact us on sales@danowagroup.com

Internal Audit,
Risk Management &
Cybersecurity

Internal Audit:

Our internal audit service is completely focused on your organization’s needs. We will apply best practice. Our experienced team will ensure that we understand the issues that your organization faces and will design the best internal control approach to address those areas of issue and risk.

Through our Risk Management and Decision making processes, we are able to advise you and your organization on how to eliminate risk factors and streamline decision making enabling your organization to become more efficient without diluting the significance and importance of such matters.

Risk Management:

Our Risk Management services include:
*Identification, analysis and development of risk management controls;
*Develop a risk profile of your organization;
*Advice and implementation of embedded risk management systems
*Internal controls design and implementation.

Without diluting our findings, we have worked closely with and alongside management to positively develop the organization in line with the objectives set out in its corporate/business plan. As part of the process, we have recommended practical control improvement solutions covering IT Systems and other policies and procedures.

Cyber Security:

We are a cyber security company that utilizes our deep knowledge of IT security to create relevant products and services. Leveraging that knowledge, we make the worlds’ most critical platforms more secure in a multitude of ways: conducting thorough assessments, identifying critical issues, developing unique products, and equipping organizations with the precise knowledge to ensure the highest level of security.   

For further assistance please contact us on cybersecurity@danowagroup.com 

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