Almoayyed Commercial Services organized a workshop to share insights on forthcoming Valued Added Tax

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Almoayyed Commercial Services (ACS), a division of Almoayyed International Group in cooperation with Taxviser Consulting Private Ltd. India, organized a workshop to share insights on forthcoming Valued Added Tax (VAT) mandatory compliance procedures.

The seminar was held on Tuesday, 11th December 2018 at The Crowne Plaza Hotel, Diplomat Area, Manama. The one-day event showcased how VAT will impact on all businesses in Bahrain across the various economic sectors, either directly or indirectly, including listed companies.

ACS has officially launched PayMyVAT.com, a cloud based VAT Compliance software during the workshop with pricing starting from just BHD 200 per annum making it accessible to everyone. The tool is a powerful billing and has robust VAT validation engine and return filing services as a single platform. New features like Artificial intelligence and Voice based apps going to be added.

ACS has also showcased solution related to VAT requirement during the seminar including launch of IPOS POS software, retail & Restaurant backend solution, POS machines and VAT consultation & services.

The seminar was presented by Mr. K.V.S. Vihari, Co-founder, PayMyVat, Mr. Srinivas Chaganti, Managing Director of PayMyVat along with Mr.Mayank Sawhney, Partner – Tax Advisory Services, Crowe & Mr. Jai Prakash Agarwal, Director, Maxgrowth Consulting, Dubai.