Share |

Popular Pages

Cost of Living in Bahrain
Salaries in Bahrain
General Laws and Regulations
Things to do in Bahrain
Places to visit in Bahrain
Weekend Activities
Nightlife in Bahrain
International Schools in Bahrain
Restaurants in Manama Bahrain
Major Cities in Bahrain

News Channels

Bahrain Travel News
Bahrain Real Estate News
Bahrain Employment News

Latest Bahrain News 

Lawmakers reject proposal to tax expats

Bahrain Lawmakers have rejected two attempts to make expats pay taxes for owning cars and for sending money home.

A draft law submitted by MPs requested that every expat who owned a car should pay BD40 towards annual registration fees, making it twice the amount of what Bahrainis pay.  There was also a proposal to tax expats on the remittances they make to their home countries.

According to Lawmakers, expats sending money home should be made to pay remittance fee for the state. However, the proposal was rejected owing to fears that it would emerge the growth of a parallel financial market that would damage the reputation of Bahrain, which currently is a good financial hub.

Manama’s Foreign Affairs Committee has already rejected the proposal claiming it as unconstitutional. With just 16 lawmakers out of the 40 being present in the parliament for the vote, they were unable to convince their peers about the concept of generating additional revenues for the state.

More than half of the population in Bahrain are expats. The 2016 figures in Bahrain show that Bahrain was home to 665,000 nationals and 760,000 expatriate workers. The total population in Bahrain is likely to touch 1.7 million in 2022.

Social Bookmarking
 Add to Digg this article Add to Myweb.Yahoo! Stumble it Add to Newsvine Add to Google bookmarks Add to Propeller

Read more news

> Bahrain ranked as best destination for expats second year in row Posted on 13/9/2018
> Bahrain attracted over 26,000 visitors for LEGO shows last month Posted on 6/9/2018
> Bahrain to grant entry visas to Qataris only on humanitarian grounds Posted on 30/8/2018
> Iconic café relocated to Bab Al Bahrain Posted on 21/8/2018
> Metro Bahrain, the latest solution for increasing traffic woes Posted on 9/8/2018
> Ban on Pakistani nationals visiting Bahrain Posted on 12/7/2018
> New Passenger Terminal Building at Bahrain Airport on time for launch Posted on 5/7/2018
> 10th edition of the two-month Bahrain Summer Festival opens at Arad Fort Posted on 20/6/2018
> Five-day break for Bahrain Public Sector employees for Eid-Al-Fitr Posted on 14/6/2018
> 10-year renewable residency permit in Bahrain to cost BD600 Posted on 6/6/2018