Bahrain Tax Update
Type
E-journal
Date
13 Jun 2012
Jurisdiction
Bahrain, Australia
Taxonomy
Treaties & International Agreements, International Tax
Copyright
LexisNexis
Legal reference
Bahrain Emiri Decree No. 22/1979
Analysis
Slim Gargouri provides an update on tax developments in Bahrain, examining the taxation information exchange agreement between Australia and Bahrain, which was signed on 15 December 2011.
Bahrain-Australia: Signature of exchange of information agreement
Australia and Bahrain signed, on 15 December 2011, a tax exchange information agreement. The agreement was approved by Bahrain on 14 May 2012.
The agreement is consistent with OECD standards and covers:
Bahrain income tax payable under Bahrain Emiri Decree No. 22/1979; and
Australian taxes of every kind and description imposed under federal laws administered by the Commissioner of Taxation.