Professional services firm, KPMG in Bahrain, is gearing up to host the first Tax Summit in the kingdom, to be held virtually. The Summit themed “Reimagining Tax in the Kingdom of Bahrain”, will be held between October 12 and 14, 2020 and is designed not only to provide practical business-relevant industry updates through sector break-out sessions but also recommendations on best practice approaches for efficient tax management and what to expect for Tax in Bahrain in the months to come.

The Summit will be an ideal platform for Tax and Finance professionals across all sectors to learn more about leveraging technology for Value-added Tax (VAT) reporting, in alignment with the National Bureau for Revenue’s (NBR) ongoing compliance requirements.

Manual processes typically involve a higher rate of risk due to human error in relation to the accuracy of data and information during the reporting process. This could potentially lead to disruption in operations and significant regulatory penalties.

Source Credit: Trade Arabia