Al-Mahfouz proposes 5% corporate tax and housing bonus
The article focused on the Bahraini government's efforts to amend labor and housing laws aimed at improving economic and social conditions. Approximately 30 legislative proposals were submitted by Deputy Jalal Al-Moḥafẓūd, including imposing a 5% tax on company profits exceeding an annual income of 500,000 Bahraini dinars, providing a housing allowance of 100 dinars monthly, and annual salary increases of 2.5%. It also proposed amendments to labor laws to increase rest hours and leave entitlements, regulate foreign workforce fees, enhance protections for medical professionals and teachers, facilitate eligibility for workers in both the private and international sectors, and organize land records and registries for citizens living abroad. Some of these proposals gained approval from the Parliament and were sent to the government, while others are still under review. The most notable point is the government's approach to strengthening workers' rights and housing support, aiming to achieve a balance in the economic and social market.
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