Country-by-Country Reporting – Compilation of 2023 Peer Review Reports

Bahrain

Overview of CbC reporting requirements

First reporting fiscal year: Commencing on or after 1 January 2021

Consolidated group revenue threshold: BHD 342 million

Filing deadline: 12 months following the end of the reporting fiscal year

Local filing required: No

Surrogate parent entity filing permitted: No

First review of the domestic legal framework: 2020/2021

Summary of recommendations

 

Area of implementation	Recommendations for improvement
Domestic legal and administrative framework	None.
Exchange of information framework	None.
Appropriate use	Not reviewed.

The domestic legal and administrative framework

Bahrain confirms that its rules have not changed and continue to be applied effectively. Bahrain continues to meet all terms of reference.

The exchange of information framework

Bahrain confirms that its rules have not changed and continue to be applied effectively. Bahrain continues to meet all terms of reference.

Appropriate use of CbC reports

Bahrain is a non-reciprocal jurisdiction and, as such, will not receive CbC reports submitted to tax authorities in other jurisdictions, and will not apply local filing. It is therefore not necessary for this peer review evaluation to reach any conclusions with respect to compliance with the terms of reference on appropriate use.