11/05/2018 – Bahrain has become the 115th jurisdiction to join the Inclusive Framework on BEPS ("IF"). The IF was established in January 2016, after the G20 Leaders urged the timely implementation of the BEPS package released in October 2015 and called on the OECD to develop a more inclusive framework with the involvement of interested non-G20 countries and jurisdictions, including developing economies.
Members of the IF have the opportunity to work together on an equal footing with other OECD and G20 countries on implementing the BEPS package consistently and on developing further standards to address remaining BEPS issues. Being part of the IF will facilitate the implementation of agreed minimum standards, as well as the peer review processes and will provide Bahrain with further support.
The OECD welcomes Bahrain’s commitment to implement the four anti-BEPS minimum standards.
The full list of members of the IF can be found at: www.oecd.org/tax/beps/inclusive-framework-on-beps-composition.pdf.