Premier and Minister of Finance David Burt has signed a “protocol amending the Double Taxation Agreement [DTA] between the Government of Bermuda and the Government of the Kingdom of Bahrain,” the federal government introduced
A spokesperson stated, “The protocol used to be signed on Friday, 17 April at the sidelines of the 2026 Spring Conferences of the World Financial Fund [IMF] and the International Financial institution Team in Washington, D.C. The Premier signed on behalf of Bermuda, along His Excellency Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and Nationwide Economic system of the Kingdom of Bahrain.
“The modification updates the unique settlement, which used to be signed in 2010 below then Minister of Finance, Paula Cox. The Kingdom of Bahrain used to be the primary nation with which Bermuda signed a DTA, and the settlement represents the longest-standing dating Bermuda holds with international locations from the Gulf Cooperation Council [GCC].
“The updated protocol aligns with the standards of the Inclusive Framework on Base Erosion and Profit Shifting [BEPS], incorporating measures to prevent treaty abuse and strengthen dispute resolution mechanisms.”
Premier Burt stated, “Bahrain is an important partner for Bermuda and one of our longest-standing relationships we have had within the Gulf Cooperation Council. As more Bermuda businesses look to expand operations in the GCC, Bahrain remains a key gateway, and this amendment ensures our agreement continues to reflect international standards and supports the growing economic ties between our two jurisdictions.”
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