Bahrain: Pillar Two global minimum tax implementing regulations

The regulations prescribe detailed rules, conditions, and procedures for implementation and enforcement of the Pillar Two global minimum tax.

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December 16, 2024

The National Bureau for Revenue (NBR) published Decision no. (172) of 2024 providing the implementing regulations under Decree-Law No. (11) of 2024, which introduced a 15% domestic minimum top-up tax (DMTT) on multinational enterprises (MNEs) located in Bahrain effective January 1, 2025, on its website.

The regulations prescribe detailed rules, conditions, and procedures for the implementation and enforcement of the Bahrain DMTT law.

In addition, the NBR has now enabled the functionality for DMTT registration application on its portal for taxpayers that are already registered with the NBR for value added tax (VAT) or excise tax.

Read a December 2024 report prepared by the KPMG member firm in Bahrain

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