During a recent visit to the United States, Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, and the Seychelles' Minister of Finance, Danny Faure, signed an agreement for the avoidance of double taxation (DTA) between their respective countries.
The DTA represents a reciprocal arrangement between Bahrain and the Seychelles not to tax the repatriated income that an individual or corporate resident of one country has earned in the other country, and which has already been taxed.
It applies to taxes on income and capital imposed in each country, irrespective of the manner in which they are levied. It includes, for example, capital gains taxes on both real estate and company shares, and taxes on income.
It was said that the completion of the DTA with the Seychelles means that Bahrain has now signed a total of 31 DTAs, of which twenty have already entered into force.
.Tags: tax | law | offshore | agreements | double tax agreement (DTA) | Bahrain | Seychelles
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment