TRA holds VAT for Telecoms Workshop

Mobilk - As part of its initiatives under the Fourth National Telecommunications Plan to develop human resources capacity in the telecommunications sector, The Telecommunications Regulatory Authority (TRA) held “VAT for Telecoms Workshop” in collaboration with KPMG from 24th to 26th April 2018.

The workshop was conducted with the purpose to discuss VAT which will be introduced soon in the Kingdom of 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.

Regarding the Workshop significance Director of Finance, Information Technology, & Human Resources, Sh. Mohamed bin Salman Al Khalifa stated, “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.”