New tax framework is effective from Jan. 1 and aligns with OECD guidelines Law will apply exclusively to MNEs with global revenues exceeding $830 million RIYADH: Multinational firms operating in Bahrain will now face a 15 percent tax on profits generated within the kingdom if their global revenues exceed €750 million ($830 million). The Gulf nation has introduced the Domestic Minimum Top-up Tax for Multinational Enterprises under Decree Law 11 of 2024, the National Bureau for Revenue announced. Effective Jan. 1, the new tax framework aligns with the Organisation for Economic Co-operation and Development guidelines, reinforcing Bahrain’s commitment to global economic fairness and transparency. The move is part of the Kingdom’s ongoing engagement with the OECD, which began in 2018 when the country joined the Inclusive Framework and endorsed the two-pillar international tax reform.