Transfer Pricing Solutions and Rules — Bahrain
On 4 February, Bahrain's Ministry of Industry, Commerce, and Tourism (MOICT) issued ministerial resolution 28 of 2021, introducing country-by-country reporting requirements.
In May 2018, Bahrain signed up to follow the OECD's base erosion and profit shifting (BEPS) framework. Bahrain is committed to co-operating with other tax jurisdictions on activities undertaken by multinational group entities in Bahrain (which is predominantly a no tax jurisdiction).
Multinational entities with business activities in Bahrain should assess if they are subject to Bahrain's country-by-country reporting rules and initiate any necessary procedures to ensure compliance with the reporting obligations.
Transfer Pricing in Bahrain
Local File
Not Applicable at present
Master File
Details regarding Master File requirements in Bahrain will be populated here.
Country by Country Report
Information regarding CbCR (Country by Country Reporting) obligations and thresholds.
Consequences of non-compliance
Details outlining the penalties and risks associated with failing to meet TP compliance requirements.
Database Guidelines
Guidelines and accepted practices for utilizing external benchmarking databases.