Friday, 6 November 2009

Taxes Inevitable in Bahrain?

Given the uproar that accompanied the imposition of a 1% training levy tax on Bahrainis and 3% tax on expatriates (with a maximum of BD40 per month), I'm guessing that Dr. Essam Fakhro's (Chairman of the Bahrain Chamber of Commerce and Industry) popularity is in for a dip after his speech to the Australian Business Group at the Ritz.

Other signs of taxes - though it appears only on business/investment - are also on the horizon.  Bahrain currently has a corporate income tax only on oil companies.  More details on Bahrain's tax regime here.

For more on the rentier state.

And of course the classic.

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