VAT implementation in Bahrain requires all businesses to take serious actions… failure to comply with "all" VAT requirements; registration, issuing specified tax invoices, keeping records as required by tax authority (NBR), submitting "correct" VAT returns in time and being always 100% ready for tax audit, exposes businesses to big fines, loss of business and may expose some to 'tax evasion' which may -in turn- lead them to jail !!!
Taking into consideration that hiring a tax agent, which is recommended in some cases, doesn't relief businesses from their responsibilities.. and NO one should take the risk using traditional (legacy) ERP/ accounting system and/or spread sheets that WILLN'T cover business new tax obligations anymore (it is much more than just adding 5% to invoices). Therefore, our experts worked hard on the Bahrain version of VAT4G accounting/invoicing system (also abbreviated as V4G), which was launched to assure businesses 'seamless' full compliance with tax regulations/ IFRS (International Financial Reporting Standards) in addition to handling their regular invoicing/ accounting tasks.
Save your money, time, effort, avoid mistakes and never expose your business/yourself to risks... we help you do that & guarantee you tangible & quick ROI. e.g.: (VAT4G helps you save a lot by recovering VAT you paid even before registration – since 01/01/2019 – if you act fast... The amount you could recover is likely much more than what our license costs…)
Some VAT4G Features:
-Regardless of business nature & complexity of transactions, VAT return is just a click away in V4G system.
-Many types of VAT invoices available that suit many types of businesses (including import, export, capital assets, profit margin….etc.)
-Automatically handles tax adjustments… and allow manual adjustments too.
-Bi-lingual system English/Arabic… and supports all known currencies.
-At your own discretion, V4G system could work on a Local Area Network or over the internet.
-Auto-update feature is available to assure compliance with future changes in VAT regulations.
-User friendly… with a lot of help info.
-Highest value… best price … annual/ and 4 years subscription schemes.
-Free life-time basic support (local/remote).
Kindly surf this for more information, system features, brochures, videos and free trial demo.
Don't hesitate to reply if you have a query/suggestion. You could use our contact info available in the contact page of website… Our team will get back to you a.s.a.p.