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Bahrain Reduces Foreign Worker Tax by 50% - Update from Nair & Co. International Tax Team

(Bristol, UK) - The Bahrain government has given a go ahead to reduce fees levied on foreign workers in an attempt to increase business activities of small and medium enterprises (SMEs), reports the Nair & Co. International Tax Team. The monthly fees will be reduced to BHD 5 (~USD 13) for each expatriate from BHD 10 (~USD 26) for companies employing less than five workers. The reduced rates are effective as of 1 September 2013. In Bahrain, small businesses employing less than five workers constitute a majority of businesses operating in the country at around 78 per cent. The above move will benefit small companies looking to hire foreign workers in Bahrain. For more information about international tax services or to know more about Nair & Co.’s International Business Expansion Services team please contact us. Subscribe to regular global tax compliance alerts from Nair & Co. International Business Guide (IBG) is our online platform for companies wishing to optimize their multinational operations and would like to have specific business information for doing business in a particular country - Click Here. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com Media Contacts For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Anuja Doshi at +44-117-929-9661-(Extn. 244) Read more on: Nair & Co. International tax compliance services


Bahrain Reduces Foreign Worker Tax by 50%