The income tax treaty between Bahrain and Cyprus entered into force on 26 April 2016. The treaty, signed 9 March 2015, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Bahrain income tax, and Cypriot income tax, corporate income tax, the special contribution for the defence of the republic, and capital gains tax.
Hydrocarbon PE
The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise of one Contractin…