Bahrain's National Bureau of Revenue (NBR) intends to implement the tax on large multinational companies operating in the Kingdom of Bahrain, whose annual global revenues exceed €750 million, in accordance with Decree-Law No. (11) of 2024, and in line with the requirements of the OECD Pillar II.
The decree will enter into force on January 1, 2025, and eligible persons must register with the Authority before the deadline specified in the relevant legislation. The move comes in line with the Kingdom of Bahrain's accession in 2018 to the OECD Comprehensive Framework in support of the two-pillar tax reform project along with more than 140 countries, including the Gulf Cooperation Council (GCC).
Source (Al-Arabiya.net Website, Edited)
