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The business of… Tax in the GCC

From corporate income tax in Saudi Arabia to social security tax in Kuwait, Kipp takes a look at how the citizens of the Gulf are taxed.

September 9, 2010 2:17 by

BAHRAIN

CORPORATE INCOME TAX

* No taxes are applied on income, sales, capital gains or estates with the exception of oil and gas companies, which pay a tax rate of 46 percent from net profits for each tax accounting period.

SOCIAL SECURITY TAXES

* A levy of 1 percent is deductible from the salaries of all employees.

(Sources: KPMG, PriceWaterhouseCoopers) (Reporting by Martina Fuchs)

 

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