The government of Bahrain is considering the implementation of a corporate income tax for multinational enterprise (MNE) groups that are subject to the Pillar 2 Global Minimum Tax. Pillar 2 aims to establish a global minimum tax rate, ensuring that MNEs pay a minimum level of tax regardless of where they operate. By introducing a corporate income tax for MNEs, Bahrain aims to align its tax policies with global standards and prevent tax evasion and profit-shifting activities. The implementation of such a tax would represent a significant change in Bahrain’s tax landscape and would impact the operations of MNE groups operating in the country.
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