VAT, governance and regulatory compliance support.
Structured assistance with VAT law compliance, corporate governance, UBO and economic substance requirements.
VAT-related services help entities understand VAT Law, deal with complex transactions, prepare and file returns, and manage tax planning and cash flow for tax purposes.
Madan can support from assessment through implementation and registration to return preparation, submission, NBR audit requirements and VAT penalty waiver matters.
Our services include:- VAT Assessment for Requirement to Register
- VAT Registration Application Submission
- VAT Implementation
- VAT Return Preparation, Review & Filing
- Assessment of Contracts/Transactions for VAT Compliance and Implications
- VAT Treatment Assessment for Supplies & Purchases
- NBR VAT Audit Handling
- Automation of VAT Return Preparation
- Tax Planning & Cash Flow Management Consultancy
- VAT Credit Claim/Refund Application for non-resident suppliers
- VAT Liability Settlement
- Review & Service Requests Submission
- VAT Payer Information Update
- Submission of VAT Enquiries
- VAT De-registration Application
- Exemption from Registration Application
- Surrender of Economic Activity and Transfer of a Going Concern
- Domestic Reverse-charge Mechanism Application
- Profit Margin Scheme Application
- Valuation of Supplies
- Arrangement for Self-issued VAT Invoice
- Guide on Apportionment of Input VAT
- Recovery of Input VAT on Pre-registration Purchases
- Face-to-face General Consultation on VAT Law Compliance
Corporate governance provides the methodology to lead, guide and control a company’s business, regulate relationships between directors, executives, shareholders and stakeholders, and support transparency, credibility and competitiveness.
Our services include:- Preparation and Implementation of Corporate Governance Manual/Charter/Guidelines
- Review of Corporate Governance Manual/Charter/Guidelines for Compliance with Bahrain Corporate Governance Code
- Annual Corporate Governance Report
UBO compliance helps companies maintain proper ownership information and meet relevant regulatory disclosure and update requirements.
Our services include:- UBO Information Review
- UBO Declaration Support
- UBO Update Guidance
- Compliance Follow-up
Economic Substance support helps entities understand whether they fall under ES requirements and manage related assessment, documentation and filings.
Our services include:- Economic Substance Applicability Assessment
- Economic Substance Return Support
- Documentation Guidance
- Compliance Consultation