Bahrain, Brunei Sign Double Taxation Agreement Amendment

Analysis

Bahrain and Brunei have signed a protocol amending Article 27 of their initial agreement to avoid double taxation of income and income tax evasion. The amendment defines what is and isn't confidential information and therefore can or can't be exchanged.

It shall come into force on the thirtieth day after both states have ratified the amendment and notified the other state of the approval.

The initial agreement was signed on 14 January 2008 in Manama.