Bahrain Reduces Foreign Worker Tax by 50%
(Bristol, UK) - The Bahrain government has given a go ahead to reduce fees levied on foreign workers in an attempt to increase business activities of small and medium enterprises (SMEs), reports the Nair & Co. International Tax Team.
1250 Oakmead Parkway, Suite 210 Sunnyvale, CA 94085 (I-Newswire) October 18, 2013 - The Bahrain government has given a go ahead to reduce fees levied on foreign workers in an attempt to increase business activities of small and medium enterprises (SMEs), reports the Nair & Co. International Tax Team.
The monthly fees will be reduced to BHD 5 (~USD 13) for each expatriate from BHD 10 (~USD 26) for companies employing less than five workers. The reduced rates are effective as of 1 September 2013. In Bahrain, small businesses employing less than five workers constitute a majority of businesses operating in the country at around 78 per cent.
The above move will benefit small companies looking to hire foreign workers in Bahrain.
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Tags:Bahrain government Reduces Foreign Worker Tax by 50% Nair & Co. International Tax Team Nair & Co. Press Release
Published On:October 18, 2013
Print Release:Print Release
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