Bahrain-GCC: VAT Framework Agreement signed by Bahraini Finance Minister
The Gulf Cooperation Council (GCC) VAT Framework Agreement has been signed by the Bahraini Finance Minister on 1st February 2017. This agreement imposes 5% VAT on the supply of in the GCC region. But this rate will be not applicable on particular
See MoreBahrain-GCC: Excise Taxes Framework Agreement signed by Bahraini Finance Minister
The Gulf Cooperation Council (GCC) Excise Taxes Framework Agreement has been signed by the Bahraini Finance Minister on 1st February 2017. Bahrain is planning to introduce Excise Tax by mid-2017. The excise levies will be 50% on soft drinks and a
See MoreThe 9th Round of China-GCC FTA Negotiation Concluded
On December 19 to 21, the 9th Round of China-GCC Free Trade Agreement (FTA) negotiation was held in Riyadh, Saudi Arabia. Wang Shouwen, Vice Chinese Minister of Commerce and Al-Bazai, General Coordinator for GCC FTA Negotiations and the Vice
See MoreBahrain- Egypt: Egyptian parliament approves treaty between Bahrain and Egypt
The Egyptian parliament permitted the Bahrain - Egypt Income Tax Treaty of 2016 on 15 November 2016 and the new treaty will replace the Bahrain - Egypt Income Tax Treaty of
See MoreIMF report comments on economic situation of Bahrain
The IMF issued a report on 26 April 2016 following consultations with Bahrain under Article IV of its articles of agreement. Bahrain has been affected by the decline in oil prices and the fiscal deficit is projected to remain high over the medium
See MoreBahrain: IMF report comments on economic position
A statement issued by the IMF at the conclusion of consultations with Bahrain under Article IV of the IMF articles of agreement comments on the economic position. The low oil prices have lowered exports and fiscal revenues. Economic growth
See MoreCyprus and Bahrain sign DTA
Cyprus has signed a Double Taxation Agreement (DTA) with Bahrain on 9 March 2015. The treaty will follow the OECD Model Convention for the Avoidance of Double Taxation on Income and on
See MoreBahrain and Pakistan Sign a Protocol to Amend the 2005 Tax Treaty
On January 7, 2015 Bahrain and Pakistan signed a protocol. This is the first protocol to amend the double tax treaty of 2005. It will enter into force after the exchange of the ratification
See MoreBahrain and Cyprus: Draft Income Tax Treaty Approved By Bahraini Cabinet
The Bahraini Cabinet approved the draft income tax treaty with Cyprus, on 19th January 2015. This will be the first income tax agreement between the two countries. It will enter into force and apply after it has been finalized, signed, and ratified
See MoreHungary, Bahrain, Saudi Arabia and Jersey: Approval of TIEA
On 25th October 2014, the Hungarian parliament approved the pending income tax treaties with Bahrain and Saudi Arabia and a tax information exchange agreement with Jersey. On 24th February 2014, the tax treaty between Hungary and Bahrain was signed
See MoreBahrain – Hungary: Treaty has been approved
The Bahrain - Hungary Income Tax Treaty of 2014 has been approved by the Hungarian parliament on 25 October 2014.Further details of the treaty will be reported
See MoreBelgium ratified the DTA with Bahrain
On April 28, 2014, Belgium ratified the double taxation agreement (DTA) and Protocol signed with Bahrain. No further details of the agreement or Protocol are currently
See MoreTIEA between Bahrain and Canada becomes effective
From April 13, 2014, the Tax Information Exchange Agreement (TIEA) concluded by Bahrain with Canada became effective. These agreements are seen by the international community as an important tool in the effort to curb artificial tax avoidance and
See MoreCanada: TIEA with Bahrain enters into force
On April 3, 2014, the tax information exchange agreement (TIEA) between Canada and Bahrain entered into force. The exchange of tax information is seen as an important element in the fight against tax evasion and enables countries more easily to
See MoreTreaty between Bahrain and Hungary approved by Bahrain’s cabinet
Bahrain has approved the Income Tax Treaty signed 23 March 2014 with Hungary. The treaty is not yet in force and no further details of the treaty are currently
See MoreHungary and Bahrain sign a DTA
On 24 February 2014, Hungary and Bahrain signed a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. A number of agreements pertaining to the economic and technical co-operation
See MoreBahrain ratifies its TIEA with Canada
An Agreement between Canada and Bahrain for the exchange of information on tax matters which was signed on June 4, 2013 it was ratified by Bahrain on February 4, 2014. The Agreement provides for the mutual exchange of tax information that is
See MoreEstonia – Six new DTA in effect
From 1 January 2014, six new Double Tax Treaties (DTA) were added to Estonia’s income tax treaty network. The treaties are with Bahrain, Thailand, Cyprus, Mexico, Turkmenistan, and
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