Bahrain Cabinet Approves New Tax Review Procedures for Multinational Projects

TDT | Manama
Email : editor@newsofbahrain.com

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, chaired the weekly Cabinet meeting today at Gudaibiya Palace, where key regional and legislative developments were discussed.

At the outset, the Cabinet lauded the efforts of the Kingdom of Saudi Arabia in serving Umrah pilgrims during the Holy Month of Ramadan. Commending the leadership of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and the support of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of Saudi Arabia, the Cabinet highlighted the exceptional services provided to ensure the safety, comfort, and well-being of pilgrims.

Turning to international affairs, the Cabinet reaffirmed the strategic importance of the United States of America in preserving security and stability in the Arabian Gulf and ensuring the safety of maritime navigation in both the Gulf and the Red Sea. It emphasized the enduring and multifaceted Bahrain–US relationship and reiterated the Kingdom's commitment to strengthening economic and trade ties as part of their longstanding strategic partnership.

During the session, the Cabinet reviewed several key memorandums. Among them, a memorandum presented by the Ministerial Committee for Legal and Legislative Affairs was approved. The memorandum concerned a draft resolution outlining procedures for tax review requests and objections submitted under the Decree-Law regulating tax on multinational projects.

The meeting concluded with a focus on continued legislative reforms aimed at supporting Bahrain's strategic development goals and enhancing transparency within regulatory frameworks.