PwC Middle East in Bahrain, a leading provider of advisory, tax, legal, and assurance services, has affirmed that the implementation of the Domestic Minimum Top-up Tax (DMTT) in the Kingdom of Bahrain, effective from 1 January, reflects the nation’s commitment to advancing tax reform initiatives.
This move aligns with the requirements of the Organisation for Economic Co-operation and Development (OECD) and underscores Bahrain’s dedication to fostering sustainable economic growth by establishing robust policies that support a stable, diversified, and investment-friendly environment.
Mr. George Campbell, Senior Executive Adviser at PwC Middle East, stated: “Over the years, PwC Middle East has played a pivotal role in supporting Bahrain’s tax reform agenda, working closely with both the public and private sectors, as well as the broader business community, to help achieve the Kingdom’s ambitious objectives under Economic Vision 2030. In line with this commitment, we continue to invest in a dedicated team of experts, ensuring businesses in Bahrain receive specialised guidance to navigate the evolving tax landscape. With the largest and most diverse tax advisory team in the Kingdom, PwC Middle East provides unparalleled expertise to support full compliance with regulatory requirements, reinforcing Bahrain’s position as a progressive and investment-ready economy.”
Mr. Campbell highlighted that PwC Middle East places a strong emphasis on addressing the evolving needs of the private sector by providing tailored professional advisory services, particularly considering the increasing tax obligations faced by businesses. To reinforce its commitment to the Kingdom of Bahrain, PwC has made substantial investments in its workforce and local presence, doubling the size of its office to enhance its service capacity and support a broader range of companies.
Additionally, PwC has focused on attracting top international tax experts to contribute to the local market while simultaneously investing in the development of Bahraini talent. The firm has expanded its training initiatives, offering practical, hands-on programmes designed to equip Bahraini graduates with the specialised skills and knowledge required to excel in the field of taxation, further strengthening Bahrain’s professional landscape in this critical sector.
Mr. Campbell added: “The region is experiencing a rapid acceleration in tax changes and reforms, with Bahrain serving as a prime example. It is therefore essential for businesses to proactively meet their tax obligations. PwC Middle East professionals possess the expertise to deliver effective tax solutions amid growing complexities, especially as the firm continues to expand its investment in Bahrain’s private sector.”
Mr. Yusuf Matar, Senior Advisor in Tax Affairs at PwC Middle East, reaffirmed the company’s commitment to delivering top-tier tax advisory services across various sectors, and emphasized that the evolving tax landscape demands highly skilled professionals with deep expertise to guide and support businesses effectively.
Given the critical role of tax advisory services, particularly in light of local rulings on non-compliance with Bahrain’s tax laws and the imposition of financial penalties, Mr. Matar underscored the necessity of adhering to tax obligations, and highlighted that timely compliance is not just about meeting regulatory requirements; it also enables expert advisors to assist businesses in implementing robust measures that enhance governance, financial oversight, and strategic management—key factors in driving business growth and fostering transparency.
Mr. Matar further stated: “The repercussions of non-compliance extend beyond financial penalties, reinforcing the imperative of tax compliance for all businesses in Bahrain. We take great pride in the substantial investment made by PwC Middle East to expand its presence and attract top talent, as well as in our collaborative efforts with the business community. By equipping companies with the necessary tools to navigate tax complexities seamlessly, we enable them to focus on their core operations with confidence and efficiency—ultimately contributing to the growth and advancement of Bahrain’s economy.”
