BDO Bahrain

New tax alert for multinational enterprises in Bahrain Bahrain has officially introduced the Domestic minimum top-up tax (DMTT) in line with OECD’s GloBE rules, effective 1 January 2025. This landmark legislation imposes a 15% minimum tax on MNE groups with consolidated annual revenues exceeding EUR 750 million, marking a significant shift in Bahrain’s tax landscape. This move reinforces Bahrain’s commitment to curbing tax avoidance and aligning with global standards. The implications for MNEs are profound, requiring immediate attention to compliance, strategic tax planning and adjustments to accounting practices. BDO’s experts are ready to assist your business in navigating this new regime. From impact assessments to bespoke tax strategies, our team is here to help you understand how DMTT will impact your business and explore tailored solutions to stay ahead. To learn more and for contact details, click here: https://lnkd.in/dsaeSJAt #BahrainTaxUpdate #BahrainDMTT2025

AI technology offers significant benefits for real estate firms, from cost savings to burnout reduction - and especially when applied to back-office functions. This article from BDO in the USA seeks to demonstrate how AI is enhancing the back office by exploring some of the most common use cases for AI, with reference to real estate firms. It also identifies how real estate leaders should understand and proactively address the most common roadblocks to AI success. https://lnkd.in/gZet2X5Z #ArtificialIntelligence #AIinRealEstate #RealEstateTech #AIApplications #PropTech #Innovation #BusinessTransformation #RealEstateInsights #BackOfficeSolutions #DigitalTransformation #FutureOfRealEstate #TechnologyLeadership #AIImplementation

BDO announces combined global revenues of US$15 billion for the financial year ending 30 September 2024, representing a growth of +7% (in US$). Read the detail here: https://lnkd.in/gfXtUQtB #GlobalRevenueGrowth #BDOInnovation #SustainableGrowth #PeopleAndTechnology #LeadershipInExcellence

Deferred revenue is a liability that arises when a company receives payment in advance for goods or services that have not yet been delivered or performed. It’s a key area of debate in M&A transactions and is common in industries such as software, media, telecommunications and professional services. In this article, BDO’s experts provide guidance for buyers and sellers on how to consider deferred revenue in M&A transactions, why it is important and the key factors that influence how it is treated. https://lnkd.in/gME4UC-U #mergersandacquisitions #deals #transactionservices

As we celebrate the rich heritage and achievements of this vibrant nation, BDO Bahrain is proud to support its growth and development. We look forward to a future of continued success and innovation and wish Bahrain and its people a day filled with pride and joy!

Executive Regulations on Domestic Minimum Top-up Tax (DMTT) in Bahrain released: Key Highlights An unofficial translation of the much-awaited Executive Regulations (ER) to the new DMTT rules in Bahrain has been released on the website of the NBR today. https://lnkd.in/gy2ksp4i Contact our experts. Asrujit Mandal Muhammad Irfan Muhammad Hanzla

The International Accounting Standards Board (IASB) published Exposure Draft Equity Method of Accounting IAS 28 Investments in Associates and Joint Ventures (revised 202x) in September 2024. The Exposure Draft proposes a revision to IAS 28, which might significantly affect entities that apply the equity method. Entities with loss-making associates or joint ventures and entities with transactions with associates or joint ventures might be particularly affected due to the clarifications and measurement changes proposed by the Exposure Draft. https://lnkd.in/gAfhWMcP #IASB #EquityMethod #IAS28 #AccountingStandards #IFRS #FinancialReporting #AccountingUpdates #CorporateFinance #JointVentures #Investments #IFRBulletin #AccountingInsights #ExposureDraft #FinanceProfessionals

As stakeholders increasingly prioritise long-term business sustainability over short-term profits, the effective integration of ESG factors into the enterprise risk management (ERM) process strengthens an organisation's resilience and ensures its own sustainability. What is less easy is knowing where to start: this article is a practical guide to effectively integrating ESG into the ERM process. https://lnkd.in/dhC93Jw6 Charles Tungwarara, GRI, SEA, CIA,CRMA #ESGIntegration #RiskManagement #SustainabilityStrategy #CorporateGovernance #EnvironmentalRisk #SocialResponsibility #GovernanceMatters #EnterpriseRiskManagement #ResilientOrganisations #ESGRiskAssessment #SustainabilityGoals #ClimateRisk #StakeholderEngagement #SustainableBusiness #RiskAppetite

DMTT registration is now open on the revamped NBR portal! The National Bureau for Revenue (NBR) has launched its updated portal with a new, user-friendly interface and a dedicated section for DMTT registration in Bahrain. Key features: Modernized design for easy navigation. Taxpayer Overview summarizes your tax registrations. Step-by-step DMTT registration form. Navigate the new requirements with ease. BDO Bahrain provides comprehensive DMTT services, including impact assessments, registration assistance, and ongoing compliance support. Contact our experts. Asrujit Mandal Muhammad Irfan muhammad Hanzla #BahrainTax #BDOBahrain #DMTT #BEPS2.0 #NBR #Bahrain

Although the rise of environmental and social concerns has made the sustainability transition become an imperative for businesses worldwide, the sustainability journey is not always straightforward as companies work to adapt their strategies and operations to meet the changing expectations of consumers, investors and regulators. This article from BDO Belgium’s recent sustainability survey gives some insights that can help businesses overcome these challenges to become more sustainable. https://lnkd.in/drdYjBwC #Sustainability #ESG #CorporateSustainability #BusinessStrategy #SustainableBusiness #SupplyChain #DoubleMateriality #SustainableDevelopment #Leadership #CulturalShift #EmployeeEngagement #Training #GreenBusiness #ResourceEfficiency #SustainableFuture #BusinessTransformation #EnvironmentalImpact #Governance #SocialResponsibility #BusinessChallenges #SustainabilityTransition #UpSkill #GlobalSustainability #SustainabilityLeadership