Bahrain and Georgia Sign Double Taxation Agreement
Type
E-journal
Date
18 Jul 2011
Jurisdiction
Bahrain, Georgia
Taxonomy
Anti-Avoidance, Capital Gains Tax, Income Tax, International Tax
Copyright
LexisNexis
Analysis
An agreement on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (DTA) has been signed between the governments of the Kingdom of Bahrain and Georgia.
The agreement was signed by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa and the Georgian Ambassador to Bahrain Ekaterine Meiering-Mikadze.
The DTA will eliminate the double payment of taxes by nationals and enterprises of each of the two countries in the territory of the other.
It covers all taxes imposed on total income, on total capital, or on elements of income or of capital, 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/465392