GTL Summary:

Mandates that JVs and their subsidiaries calculate a single ETR separately from the rest of the MNE group as if they were a standalone group.

Document Type: ERS - Executive Regulations
Law: DMTT Law (Decree Law No. 11 of 2024)
Decision Number: executive-regulations-172-article-44
Year: 2024
Country: 🇧🇭 Bahrain
Official Name: Article 44 - Separate Computation for Joint Ventures and Joint Venture Subsidiaries
Last updated at: 2026-02-23 12:13:40 UTC

Chapter 6 - Tax Computation

Article 44 - Separate Computation for Joint Ventures and Joint Venture Subsidiaries

  1. The Effective Tax Rate for Joint Ventures and Joint Venture Subsidiaries of a Multinational Enterprise Group shall be calculated as if they were Constituent Entities of a separate Multinational Enterprise Group and the Joint Venture was the Ultimate Parent Entity of that Group.

  2. In computing a single Effective Tax Rate for a Joint Venture and its Joint Venture Subsidiaries, the Adjusted Covered Tax and Constituent Entity Income or Loss for each Joint Venture or Joint Venture Subsidiary shall be aggregated.

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