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ARTICLE · 23 APRIL 2015

Double Tax Agreement Signed With Bahrain

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On March 9 2015 Cyprus signed a new double tax agreement with Bahrain. Like all of Cyprus's recent double tax agreements, it closely follows the 2010 Organisation for Economic Cooperation and Development Model Tax Convention.

CyprusTax
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On March 9 2015 Cyprus signed a new double tax agreement with Bahrain. Like all of Cyprus's recent double tax agreements, it closely follows the 2010 Organisation for Economic Cooperation and Development (OECD) Model Tax Convention. The double tax agreement's main provisions are summarised below.

Details of double tax agreement

Taxes covered

The agreement applies to taxes on income imposed by either country. In Cyprus, this includes income tax, corporate income tax, Special Contribution for Defence (known as SDC tax) and capital gains tax.

Permanent establishment

The permanent establishment article closely follows the OECD Model Tax Convention. A building site, construction or installation project or any supervisory activities in connection with them constitute a permanent establishment only if they last for more than twelve months.

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