Keeping you up-to-date with developments at Bahrain’s leading professional services firm!
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New requirements from the Central Bank of Bahrain
On 29 December 2019, the Central Bank of Bahrain issued new requirements in Module HC for conventional (volume 1) and Islamic (volume 2) banks.
On 2 January 2020, the Central Bank of Bahrain issued a communique requiring banks to accept articles of incorporation or association when issuing certificates of deposit for transfers of ownership.
For more details, please contact Sawsan Mohammed on 1720 6842 or Chahira Miled on 1720 6870
Taxflash 19 December 2019
Taxflash 28 November 2019
On this week’s TaxFlash, we look at partial exemption calculations in Bahrain, Saudi Arabia and the UAE.
FRC newsflash – FATCA & CRS 2019 reporting
As advised by the CBB in circular OG/144/2019 dated 24 March 2019, FATCA and CRS reporting deadlines are 2 May every year. The CBB system for reporting 2018 data was open between 1 April 2019 and 2 May 2019.
For more information about FATCA and CRS reporting as well as the tasks and timelines please contact:
Dr Mukund Ballal on +973 1720 6813
or
Ghada Awdi on +973 1720 6838