UAE-Bahrain mutual taxation agreement gets the greenlight from Shura Council

UAE + Bahrain sign mutual taxation agreement: A mutual taxation agreement between the UAE and Bahrain received unanimous approval from the Bahraini Shura Council, Gulf News Daily reports. The agreement protects individuals and companies from double taxation and promotes transparency and information exchange between tax authorities in both countries

This has been in the works for a while: The Finance Ministry previously signed agreements with Bahrain, Egypt, and Kuwait at the World Government Summit last year to eliminate dual taxation, with an eye to crack down on tax evasion. The ministry and the Kingdom of Bahrain also signed an agreement to promote and protect investments.

ICYMI- The UAE also entered into an agreement last year with Qatar.