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Bahrain developers might face new tax

Posted on 09 May 2011

Bahrain is considering collecting up to 3% of the value of investments by real estate firms to fund community projects.
According to the proposed scheme, investors of developments worth between BD1m and BD5m will have to pay 1% of the value of the project to fund municipal schemes, while developers with projects worth between BD5m and BD10m will be asked to pay 2% and those with projects worth more than BD10m 3%……………………………………….Full Article: Source


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