Article

Bahrain's government has unveiled a fiscal reform package aimed at enhancing public finances and supporting Economic Vision 2030, which includes raising fuel prices, adjusting utility tariffs, and introducing a 10% corporate income tax for high-revenue companies by 2027. The reforms also feature a 20% cut in administrative spending and new fees for undeveloped land, while maintaining current tariffs for primary residences. These measures are designed to promote fiscal discipline and economic diversification.