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New tax 'to hit Bahrain property prices'

MANAMA, July 25, 2017

A new tax imposed by Bahrain on infrastructure development could cost commercial developers hundreds of thousands of dinars extra for large projects, said a report citing an MP.

The tax was introduced earlier this month and imposes a levy of BD12 ($31.5) per construction square metre on private developers, reported the Gulf Daily News, our sister publication.

For further details, visit https://www.gdnonline.com




Tags: Bahrain | tax | property prices |

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