Bahrain Taxation Sector Research Highlights

Overview

Bahrain's tax landscape matures with corporate income tax and e-invoicing updates
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Bahrain remained a tax-free jurisdiction until 2017, when the kingdom introduced excise tax – followed by the implementation of value-added tax (VAT) two years later. The country’s tax landscape continues to evolve, with a number of other notable tax and reporting regulations launched in recent years. Among these, a domestic minimum top-up tax (DMTT) law will take effect for Bahrain entities that…

Chapter

The Report: Bahrain 2024: Tax
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Bahrain’s tax landscape has evolved in recent years, with the introduction of excise tax in 2017 and value-added tax in 2019. Since then, new regulations have been aimed at improving financial oversight. Notably, a domestic minimum top-up tax law is set to be implemented in 2025, impacting Bahraini entities that are part of large multinational enterprise groups. As a financial leader in the Middle…

Country Report

The Report: Bahrain 2024
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Bahrain has seen its economy expand through diversification efforts, with a focus on finance, industry and technology. Projects in infrastructure, digital transformation and tourism aim to drive growth and attract foreign investment. The kingdom is committed to sustainability, targeting a 30% reduction in carbon emissions by 2035. The financial sector is a key contributor with innovation in financ

Viewpoint

Mubeen Khadir, Head of Tax and Corporate Services, KPMG Fakhro: Viewpoint
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On September 1, 2024 Bahrain became the first GCC country to implement a domestic minimum top-up tax (DMTT) aligned with pillar two of the OECD base erosion profit shifting inclusive framework. The DMTT law applies the global minimum tax of 15% on Bahraini constituent entities of multinational enterprises (MNEs) and contains key operative provisions of pillar two of the OECD global anti-base erosion…

Viewpoint

Mubeen Khadir, Head of Tax and Corporate Services, KPMG Fakhro: Viewpoint
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Viewpoint:Mubeen Khadir Since Bahrain implemented VAT on January 1, 2019, the National Bureau for Revenue (NBR) has seen a rise in tax disputes and reassessments. In some cases, these have resulted in litigation between the taxpayer and the NBR. With the VAT rate doubling as of January 1, 2022 – with a one-year transitional period – we are likely to see more such disputes in the years ahead. Certain…

Overview

Bahrain updates tax regulations to encourage investment
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Bahrain has long enjoyed its status as a tax-free jurisdiction prior to the introduction of excise tax in late 2017, followed by the introduction of value-added tax (VAT) in 2019. The kingdom is now home to an evolving tax landscape, with several notable tax and reporting regulations introduced since 2017. Bahrain is well established as a financial leader in the Middle East, and in recent years the…

Country Report

The Report: Bahrain 2023
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Policy interventions and an investor-friendly regulatory environment continue to attract investors to Bahrain as both a place to establish a business, and as a gateway through which to enter the markets of the broader GCC and MENA regions. A more strategic and sustainable funding model has been adopted by the government, and this shift in approach is beginning to be reflected in the fiscal balance

Chapter

The Report: Bahrain 2023: Tax
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Viewpoint

Mubeen Khadir, Head of Tax and Corporate Services, KPMG Bahrain: Viewpoint
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Viewpoint:Mubeen Khadir We are witnessing tax regimes evolve around the world, especially in the Middle East. This is not only due to the shifting economic and social conditions, but also to the rapidly changing global marketplace in a digital era. With accelerated digital transformation taking place over the past few years – hastened by factors disruptions such as the Covid-19 pandemic –…

Overview

Tax regulatory framework in Bahrain
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Bahrain has long enjoyed its status as a tax-free jurisdiction until the introduction of excise tax in late 2017, followed by introduction of value-added tax (VAT) in 2019. The country is now home to a rapidly evolving tax landscape, with several notable tax and reporting regulations introduced since 2017. Bahrain is well established as a financial centre in the region, and in recent years the authorities…

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Bahrain Taxation Sector Research Highlights

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