With the implementation of Value Added Tax (VAT) in Oman on April 16, 2021, businesses across the Sultanate are required to comply with the VAT law issued by the Oman Tax Authority. Navigating the complexities of VAT can be challenging, especially for businesses new to the system. BMS Auditing provides comprehensive VAT services in Oman, ensuring y
Value Added Tax (VAT) was implemented in the Kingdom of Bahrain on January 1, 2019, as part of the GCC VAT framework agreement. The National Bureau for Revenue (NBR) oversees VAT compliance, and businesses operating in Bahrain must understand their VAT obligations. At BMS Auditing, we provide end-to-end VAT registration in Bahrain and compliance se
Introduction Since the introduction of Value Added Tax (VAT) in Saudi Arabia in 2018, businesses operating in the Kingdom are required to comply with VAT regulations set by the Zakat, Tax and Customs Authority (ZATCA). At BMS Auditing, we assist companies in understanding their obligations and managing the VAT registration process efficiently. This
The introduction of Value Added Tax (VAT) in the UAE on January 1, 2018, marked a significant shift in the country’s tax landscape. With a standard VAT rate of 5%, the UAE government implemented this tax to diversify revenue sources and reduce reliance on oil income. At BMS Auditing, we provide expert advisory services and VAT registration in UA