Bahrain Announces Fiscal Measures as Part of Reform Agenda

Bahrain announces fiscal reform measures including “new law on corporate tax for local companies,” according to emailed statement to Bloomberg.

• Reforms will also include increasing fuel prices and introducing a “monthly pricing mechanism,” raising natural gas prices for businesses, cutting administrative government expenditure by 20%, increasing dividends from state owned companies, increasing foreign workers labor fees, raising electricity and water tariffs among other changes

To contact the reporter on this story:
Kateryna Kadabashy in Dubai at kkadabashy@bloomberg.net

To contact the editor responsible for this story:
Christine Burke at charvey32@bloomberg.net

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