Kingdom of Bahrain

Kingdom of Bahrain

31st January 2022 Digi_Admin 0

Digimap is delighted to have secured the project to supply the International Automatic Exchange of Information for the Kingdom of Bahrain. The Bahrain system is called ITIES.

Following an extensive tender process, Digimap was selected to provide the system for FATCA, CRS, CbC and Economic Substance reporting following its success with its IGOR system in Guernsey and Cook Islands.

Colin Le Conte, Managing Director of Digimap said “We are very pleased to have been chosen for this important project for the Kingdom of Bahrain and are honoured to work closely with the team at the National Bureau for Revenue, the Central Bank of Bahrain and the Ministry of Industry, Commerce and Tourism.”

On this occasion, the NBR’s Chief Executive Rana Ebrahim Faqihi commented “Bahrain was successfully able to exchange FATCA, Economic Substance and CRS information on time. Thanks to Digimap’s dedication to completing the ITIES system as per the agreed timeline. Digimap worked very closely with us and the other government stakeholders to ensure that the system is running smoothly, and the submissions and information exchanges occur on time.”