Article 7 defines 'Covered Taxes' and the process for determining 'Adjusted Covered Taxes' for MNEs operating in Bahrain. Covered Taxes include those recorded in financial accounts regarding profits or income, as well as taxes imposed in lieu of corporate income tax. Pursuant to Paragraph B, Adjusted Covered Taxes are calculated based on the current tax expense accrued in the entity's financial accounting net income. The Executive Regulations will further detail specific exclusions and allocation rules. These provisions are designed to align with the OECD Pillar Two framework, ensuring that only eligible taxes are considered when determining the effective tax rate for DMTT purposes.