According to an update from the Guernsey government, officials from Bahrain and Guernsey signed an income tax treaty on 29 September 2024. The treaty is the first of its kind between the two jurisdictions.
Taxes Covered
The treaty covers Bahrain income tax and Guernsey income tax.
Permanent Establishment
The treaty includes the provision that an enterprise shall be deemed to have a permanent establishment in a Contacting Party and to carry on business through that permanent establishme…