Bahrain’s National Bureau for Revenue has updated its English guidance on which entities must comply with the Domestic Minimum Top-up Tax under OECD Pillar Two. The rules apply to multinational groups with annual consolidated revenue of at least €750 million. The guidance explains that newly established entities must register within 120 days from the date they are officially allowed to start business, as shown in the commercial register. It gives practical examples for new subsidiaries, branches, and joint ventures. It also confirms that registration, filing, and recordkeeping duties still apply even when a safe harbor or exclusion is available, and clarifies what documents are needed when registering or updating registration details.
To read the Guidance, click here.