NO FREE RIDE
Bahrain imposing 15% tax on multinationals to obey OECD
The new international rules seek to address issues of competition arising from the digitalization and globalization of the world economy
A view of the Bahrain World Trade Center in Manama (Getty Images)
Add The Circuit on GoogleVisions of the Gulf as a tax-free haven are rapidly fading. Bahrain is the latest member of the GCC to introduce corporate taxes, imposing a new 15% profit tax on multinational corporations starting in January.The new taxes will be limited...