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Bahrain Plans to Implement Corporate Tax on Companies

  • Publish date: Wednesday، 24 May 2023
Bahrain Plans to Implement Corporate Tax on Companies

Bahrain has announced its plans to implement a corporate tax on companies operating in the country.

Bahrain received the incentive from the Organization for Economic Co-operation and Development (OECD) to set corporate taxes at a minimum rate. 

This decision has been taken to improve financial stability and sustainability in the Kingdom. 

Read More: A Man Imprisoned for a Year for Dumping Waste In Bahraini Waters

Studies are underway, which will contribute to the development of the necessary legislation. This legislation will then be presented to the Council of Representatives for approval. 

Bahrain aims to gain economic stability and growth with the decision to implement corporate taxes.  The new legislation will give companies based in Bahrain more opportunities to contribute to the development to the development of the country's economic landscape.

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