VAT’s UP

MPs Approve 2% Tax on Expat Remittances in Bahrain

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Manama February 02 2024:

Parliament has unanimously approved a legislation to tax expatriate remittances despite strong opposition from the government.

During its weekly session yesterday, Parliament Speaker Ahmed Al Musallam led the “yes” vote to impose a two per cent levy on the total amount remitted each time by an expatriate individual. It will be now reviewed and voted on by the Shura Council after Mr Al Musallam referred it urgently to the upper chamber.

The government was obliged by law to draft the Parliament-presented legislation within six months. However, it has asserted that a remittance tax would be unfair and ‘unconstitutional’.

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