eprivateclient took a brief look at a what has been happening in the Middle East...
New Economic Substance Legislation being introduced to Bahrain are a “game changer from an international tax perspective”, international advisory firm KPMG has warned. According to the new mandate, legal entities carrying on business activities in or through Bahrain are now required to demonstrate that substantial economic activity is undertaken in Bahrain.
“The introduction of economic substance in Bahrain was in alignment with the recommendations imposed by the European Union (EU). Similar move was ...