Starts from financial-accounting net income or loss before consolidation eliminations, subject to the adjustments detailed in the Regulations.
What should you do now?Fix the accounting standard and source ledger, then maintain an adjustment register linking every adjustment to the Regulations and evidence.
What does the official Article provide?
The official source is Arabic. This English commentary is explanatory and is not presented as an official translation.
Starts from financial-accounting net income or loss before consolidation eliminations, subject to the adjustments detailed in the Regulations.
This is a verified summary, not a substitute quotation. The complete official Arabic text is linked below and must be read with the Regulations and later decisions for a final decision.
What does the Article mean in plain language?
The computation does not start from another domestic tax base or from post-elimination consolidated profit; it starts with entity-level accounting data and applies Pillar Two adjustments.
MNE groups, Bahrain entities, joint ventures and tax and accounting teams.
Fix the accounting standard and source ledger, then maintain an adjustment register linking every adjustment to the Regulations and evidence.
Treating accounting net profit as the final taxable income without adjustments.
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Is the Article enough on its own?
Usually not. The Decree-Law states the rule, the Regulations detail the computation or procedure and guidance explains application. Use all three for an obligation, amount or deadline.
Are OECD materials binding by themselves?
Not every international document is Bahrain legislation by itself. It is used within the Law's referrals or a competent adoption instrument, while current Bahrain legislation and decisions remain controlling.