Tax
From The Report: Bahrain 2022
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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. Adding to its draw, the kingdom is consistently ranked as one of the best places in the GCC for expatriates to live and work.

This chapter contains a viewpoint from Mubeen Khadir, Head of Tax and Corporate Services, KPMG Bahrain.

Articles from this Chapter

Overview

Evolving landscape: Regulatory framework continues to develop in line with established international standards
OBG
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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 have diversified the economy to include technology, manufacturing and logistics. Bahrain welcomes…

Viewpoint

Fiscal balance: Mubeen Khadir, Head of Tax and Corporate Services, KPMG Bahrain, on the future possibility and impact of corporate tax
OBG
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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 – it is important to consider whether tax systems have kept pace with the changing landscape. Many observers…