The Swiss Federal Council have adopted dispatches on a new double taxation agreement (DTA) with Bahrain, subject to approval from the relevant legislative bodies.

At a meeting yesterday (26/08/20), the Federal Council also adopted amendments to the jurisdiction’s DTA with Kuwait.

The new DTA with Bahrain focuses on income and capital taxes and aims to improve matters for cross-border investments.

It also contains an administrative assistance provision in accordance with the international standard for the exchange of information upon request. It implements the minimum standards in accordance with the OECD/G20...