VAT’s UP

MPs Approve 2% Tax on Expat Remittances in Bahrain

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Manama January 10 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.

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