Bahrain and Czech Republic Sign a Double Taxation Avoidance Agreement (DTAA)
Type
E-journal
Date
25 May 2011
Jurisdiction
Bahrain, Czech Republic
Taxonomy
International Tax, Anti-Avoidance, Income Tax
Copyright
LexisNexis
Analysis
An Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on Income (DTAA) has been signed in Prague between the governments of the Kingdom of Bahrain and the Czech Republic
The Agreement was signed by Minister of Finance Shaikh Ahmed bin Mohammed Al Khalifa and his Czech counterpart Miroslav Kalousek.
The DTAA will eliminate the double payment of taxes by nationals and enterprises of each of the two countries in the territory of the other. It applies to taxes on income irrespective of the manner in which they are levied and covers all taxes imposed on total income, including taxes on gains from the alienation of movable or immovable property, taxes on the total amounts of wages or salaries paid by enterprises, as well as taxes on capital appreciation.
For full story see: http://www.bna.bh/portal/en/news/457990