Bahrain businesses should prepare for the broader introduction of corporate tax in the coming months, say experts, adding that the adoption of Organisation for Economic Co-operation and Development’s (OECD) Pillar 2 global minimum tax framework signals a shift towards a more internationally aligned tax system.
According to Shashank Arya, director for tax advisory at Grant Thornton Bahrain, the adoption of Pillar 2 aligns the kingdom with international standards for tax transparency and fairness .
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