Bahrain Taxation Sector Research Highlights

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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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…

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 –…

Chapter

The Report: Bahrain 2022: Tax
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Bahrain is now home to a rapidly evolving tax landscape, with several notable tax and reporting regulations introduced since 2017. The country is well established as a financial centre in the region, and in recent years the authorities have diversified the economy to include technology, manufacturing and logistics. Bahrain welcomes overseas investment, allowing 100% foreign ownership in many sectors.…

Country Report

The Report: Bahrain 2022
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A revival in transport and tourism after two years of pandemic-related slowdowns caused by closed borders and social-distancing measures is helping to boost the economy, with the kingdom’s hotels, restaurants and resorts once again open to regional and international visitors. The country’s guiding plan, Bahrain Economic Vision 2030, aims to enhance private sector growth and continue government

Country Report

The Report: Bahrain 2019
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By utilising technology to maximise value from existing reserves and investing in exploration, the energy sector is working to maintain and even increase levels of oil and gas production. These efforts will be given a significant boost by the recent discovery of a large-scale, unconventional oil and gas reserve, which could substantially boost output over the coming decades. The diversity of Bahra

Country Report

The Report: Bahrain 2018
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Successful spending rationalisation measures introduced in the wake of the oil price drop have helped to reduce the country’s fiscal deficit, while revenue enhancing initiatives such as the implementation of value-added tax are expected to further reduce it over the medium term. Meanwhile the kingdom has maintained its focus on economic diversification initiatives. Manama remains a leading finan

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Bahrain Taxation Sector Research Highlights

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