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VAT - VAlUE ADDED TAX IN BAHRAIN

Mobirise

1- Fully integrated tax accounting
2- Ability to Create Tax Groups with %
3- Binding Items with Tax Groups
4- Enquire on items in specific Tax Group
5- Tax group report
6- VAT compliance in Purchase Orders and Returns
7- VAT compliance in Sales Orders and Returns
8- VAT compliance in Sales Quotations
9- Automatic calculation of Tax amount
10- Change the Tax group of an item in the transaction
11- Automatic posting of tax to General Ledger
12- Reports listing VAT collected from Customers
13- Reports listing VAT Paid to Suppliers
14- Report for Filing of Tax returns

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Mobirise themes are based on Bootstrap 3 and Bootstrap 4 - most powerful mobile first framework. Now, even if you're not code-savvy, you can be a part of an exciting growing bootstrap community.

Choose from the large selection of latest pre-made blocks - full-screen intro, bootstrap carousel, content slider, responsive image gallery with lightbox, parallax scrolling, video backgrounds, hamburger menu, sticky header and more.

Mobirise

What the VAT calculation and collection process ?

•VAT is tax that is levied on supplies at every stage of the
 produstion and supply chain until it reaches the consumer.
• VAT is collected from tax able business owners registered  with the tax bureau at every stage of the production and  supply chain,until it is borne by the final consumer, and  thus it is considered an indirect tax .


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