GTL Summary:

Article 24 stipulates that all tax computations and payments under Decree-Law No. 11 of 2024 must be conducted in Bahraini Dinars (BHD), unless specifically stated otherwise. This requirement applies to all amounts determined for DMTT purposes. The Executive Regulations will prescribe the necessary rules for currency conversion, including the methodology and specific rates to be used when converting financial data from foreign currencies into the local currency. This ensures uniformity in tax reporting and prevents discrepancies arising from exchange rate fluctuations during the calculation of the 15% top-up tax for multinational groups.

Document Type: Tax Law Article
Law: DMTT Law (Decree Law No. 11 of 2024)
Article Number: 24
Country: 🇧🇭 Bahrain
Location: Chapter 4 - Tax Procedures and Obligations
Order: 24
Last updated at: 2026-02-23 12:13:40 UTC

Chapter 4 - Tax Procedures and Obligations

Article 24 - Currency

The computation and payment of all amounts determined in accordance with the provisions of this Law shall be made in Bahraini Dinar, unless otherwise specified by the provisions of this Law.

The Regulations shall prescribe the rules, conditions, and controls necessary to implement the provisions of this Article, including the amounts that shall be converted to Bahraini Dinar if they are in another currency, and the method for converting those amounts.

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