09.05.2011 - Bahrain developers might face new tax
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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