A royal decree law imposing a 15 per cent Domestic Minimum Top-Up Tax on eligible multinational enterprises (MNEs) operating in Bahrain was unanimously approved by the Shura Council yesterday.
The decree, originally issued by His Majesty King Hamad in August 2024, had already been approved unanimously by MPs.
The landmark legislation brings Bahrain in line with international tax reforms led by the Organisation for Economic Co-operation and Development (OECD), specifically the global minimum tax initiative under the Inclusive Framework on Base Erosion and Profit Shifting (BEPS), to which Bahrain has been a signatory since 2018.
