Bahrain plans to adopt the OECD's Pillar 2 global minimum tax framework for corporate tax.
Bahrain plans to implement the OECD's Pillar 2 global minimum tax framework, marking a shift toward a corporate tax system. This change aims to enhance tax transparency and fairness, ensuring a level playing field for local businesses. Experts, including Shashank Arya from Grant Thornton Bahrain, emphasize that this move aligns Bahrain with international tax standards, preparing businesses for upcoming corporate tax regulations.
September 07, 2024
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