“A major issue would be for the countries implementing VAT is to have the necessary adequate training, technical systems, financial and tax governance and compliance, and other areas in order to meet all requirements.” (https://gulfnews.com/world/gulf/bahrain/bahrain-parliament-approves-vat-agreement-1.2287327, Accessed 13 May 2019) The introduction of VAT in any country impacts the businesses in the country. In October 2018, the Kingdom of Bahrain issued the VAT Law. Q: Illustrate how the new VAT system in Bahrain is impacting businesses.
“A major issue would be for the countries implementing VAT is to have the necessary adequate training, technical systems, financial and tax governance and compliance, and other areas in order to meet all requirements.” (https://gulfnews.com/world/gulf/bahrain/bahrain-parliament-approves-vat-agreement-1.2287327, Accessed 13 May 2019) The introduction of VAT in any country impacts the businesses in the country. In October 2018, the Kingdom of Bahrain issued the VAT Law. Q: Illustrate how the new VAT system in Bahrain is impacting businesses.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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“A major issue would be for the countries implementing VAT is to have the necessary adequate training, technical systems, financial and tax governance and compliance, and other areas in order to meet all requirements.” (https://gulfnews.com/world/gulf/bahrain/bahrain-parliament-approves-vat-agreement-1.2287327, Accessed 13 May 2019)
The introduction of VAT in any country impacts the businesses in the country. In October 2018, the Kingdom of Bahrain issued the VAT Law.
Q: Illustrate how the new VAT system in Bahrain is impacting businesses.
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