Multinational enterprises (MNEs) in Bahrain must register with the National Bureau for Revenue (NBR) by January 30 or within 120 days of their fiscal year-end, as the country implements a Domestic Minimum Top-Up Tax (DMTT) from the start of this year, experts have said.
As part of Bahrain’s commitment to global tax reform under the OECD’s Global Anti-Base Erosion (GloBE) framework, the DMTT imposes a 15 per cent minimum tax rate on profits generated in Bahrain by multinational enterprises (MNEs) with global revenues exceeding 750 million euros (around $766m) in at least two of the past four fiscal years .
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