MP's Protest New Real Estate Tax in Bahrain - Haflat AlShayy (Tea Parties) Can't be Far Behind

Deputies in Bahrain's lower house of parliament are pushing for a repeal of a recent decree by the Prime Minister establishing a real estate tax in Bahrain.

The tax has a sliding scale:

1. 1.5% for properties less than BD70,000
2. 2.0% for properties BD70,001 to BD120,000
3. 3.0% for properties BD120,001 and up.
   

There would be exemptions for those receiving financing from Bank ElEskan (Housing Bank) to buy or build a home.

Not mentioned in the article, Bahrain also has or at least used to a registration fee for changing the legal titleholder of a property.

With all the agida in the Kingdom over taxes, can haflat al shayy be too far over the horizon?

Note to the planners:  AA fancies shayy ahmar.