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A BAHRAIN-United Kingdom Double Taxation Agreement, signed on March 10, will further enhance financial and economic co-operation between the two countries encouraging greater trade and joint investment, said Shaikh Mohammed bin Essa Al Khalifa, Chief Executive of the Bahrain Economic Development Board (EDB).
It ensures the elimination of double taxation on income and capital gains for enterprises operating in both countries.
Signed by Shaikh Ahmed bin Mohammed Al Khalifa, Minister of Finance, and Jamie Bowden, British Ambassador to Bahrain, the agreement is part of continued efforts by the two countries to extend their economic treaty network.
Shaikh Mohammed said: "This agreement is testament to Bahrain's open, transparent approach to good governance, business and investment and to our commitment to bolstering co-operation in exchanging information with other countries including the United Kingdom.
"Bahrain has historic links with the UK; we are both well-established financial centres and this agreement reflects the keenness of our two countries to further strengthen business ties".
