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Bahrain’s corporate tax just the first in GCC, say experts

By Megha Merani, Gavin Gibbon
Despite the tax, Bahrain remains an attractive destination for foreign investment. It drew $6.8bn of FDI in 2023 The Road Provides/Shutterstock
Despite the tax, Bahrain remains an attractive destination for foreign investment. It drew $6.8bn of FDI in 2023

Bahrain could be the first “domino to fall” in the GCC after announcing a tax targeting large multinational companies, analysts have told AGBI. The domestic minimum top-up tax (DMTT) will impose a 15 percent levy on the Bahraini profits of multinational enterprises whose revenues exceed €750 million ($830 million). It comes into force next January.  […]

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