Bahrain's National Bureau for Revenue (NBR) has announced the introduction of a new tax for multinational enterprises that aligns with OECD standards. The new tax is in the form of a domestic minimum top-up tax (DMTT) at a rate of 15% that exclusively applies to large MNE groups operating in Bahrain with consolidated group revenue equal to or exceeding EUR 750 million in at least two of the preceding four fiscal years. The new tax has been introduced by Decree Law No. (11) of 2024 Regarding the Implementation of Tax on Multinational Enterprises (Official Arabic and Unofficial English-language Translation), which...