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Bahrain Income Tax Rates 2015

Individuals

Taxable Income (BHD) Tax Rate (%)  
NA NA

 

Companies

Taxable Income (BHD)  Tax Rate (%)  
  • No income tax is payable, except on profits derived from extraction of petrochemical products.
  • Companies engaged in oil, gas and petroleum are taxed at a rate of 46%.
 

VALUE ADDED TAX (VAT)

NA

CAPITAL GAINS TAX (CGT)

Individuals

NA

See note on sale of property below.

Companies

NA

See note on sale of property below.

LOSSES

NA

TREATY NETWORK

NA

WITHHOLDING TAX

Dividends: 0%

Interest: 0%

Royalties:  0%

OTHER LOCAL TAXES

Tourism Levy

Hotels pay 5% of turnover to Government as a Tourism Levy

MUNICIPAL TAXES

Tenants (Business or Individuals) pay 10% of the monthly rent of rented property to Municipal Authorities as Municipal Tax.

SOCIAL INSURANCE

Employment Insurance

Social Insurance contribution is payable by the Employers to the Social Insurance Organization as follow:

  • 3% of the total monthly salaries for foreign workers
  • 12% of the total monthly salaries for Bahraini workers

Unemployment Insurance

1% of all employees' monthly salary is deducted directly and paid to the Social Insurance Organization by employers.

Property

Land registration tax is payable by the buyer of a property (land, buildings, houses, apartments, etc.) to the Survey and Land Registration Bureau. Land Registration Tax is calculated as a percentage of property sale price as follows:

  • From BHD 1 to BHD 70,000: 1.5% (conditional discounted to 1.25%)
  • From BHD 70,001 to BHD 120,000: 2% (conditional discounted to 1.8%)
  • From BHD 120,001 and above: 3% (conditional discounted to 2.7%)

Doing Business Abroad - Tax Rates 2015 /2016

 
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Contact Us
Fuad Alkaabi
Villa 12, Rd 3201
Manama 332 Kingdom of Bahrain
+973 17822440; 17822477 ext:111