DOUBLE TAXATION CONVENTION: BAHRAIN

13 Nov 2003 04:15 PM

Discussions at official level are to be held soon about a comprehensive Double Taxation Convention between the United Kingdom and Bahrain. Representations are invited and should be sent by 21 November 2003 to:

David Reidy
Revenue Policy International
Inland Revenue
Victory House
30-34 Kingsway
London
WC2B 6ES

E-mail address: David.Reidy-ERG@ir.gsi.gov.uk

NOTES FOR EDITORS

1. Double Taxation Conventions aim to eliminate the double taxation of income or gains arising in one State and paid to residents of another State. They do this by dividing the taxing rights that each treaty partner has under its domestic law over the same income and gains. They provide additional protection for taxpayers by specific measures combating discrimination in tax treatment. More generally, Conventions benefit the taxpayer by ensuring certainty of treatment and, as far as possible, by reducing compliance burdens. Double Taxation Conventions also serve an Exchequer protection role by including provisions to combat avoidance and evasion - not least by measures providing for the exchange of information between Revenue authorities.

2. There are more than 1,300 Double Taxation Conventions world-wide - the UK has one of the largest networks covering more than 100 countries. The UK has sought to encourage and maintain an international consensus on the appropriate tax treatment of cross border economic activity and thus promote international trade. The UK plays an important role in this field within the Organisation for Economic Co-operation and Development.

www.inlandrevenue.gov.uk

Inland Revenue Press Office
Room G7
New Wing
Somerset House
London WC2R 1LB
Non-media enquiries: your own tax office
Web: www.inlandrevenue.gov.uk