Bahrain inks new tax accord with Mexico
Manama, October 12, 2010
Bahrain and Mexico have signed a convention on the avoidance of double taxation and prevention of fiscal evasion, in Washington.
It was signed by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa and Mexican Minister of Finance and Public Credit Ernesto Cordero Arroyo. Central Bank of Bahrain Governor Rasheed Al Maraj attended.
It eliminates double taxation and allows for the exchange of tax information in accordance with Organisation for Economic Co-operation and Development standard. The deal applies to taxes on income, irrespective of the manner in which they are levied.
Shaikh Ahmed and Arroyo praised the convention and its role in promoting good governance in tax matters and fostering investment.-TradeArabia News Service
More Government & Laws Stories
- Saudi detains 10 more in Iran spying case
- Dubai Courts begins e-case registration
- Bahrain cuts new property registration cost
- Saudi to allow expats with new work visas
- Kharafi wins $930m damages from Libya
- US must stop 'Iranian plot against Bahrain'
- Saudi says hackers sabotage govt websites
- Saudi princes lose battle to keep UK lawsuit secret
- Egyptians 'gloomier over country's future'
- Iran ‘ready’ for nuke talks with world powers