On 16 March 2025, Bahrain's Consultative (Shura) Council (upper house of the National Assembly) approved the ratification of the pending income tax treaty with Guernsey. The treaty, signed 29 September 2024, is the first of its kind between the two jurisdictions. It will enter into force 30 days after the ratification instruments are exchanged and will apply from 1 January of the year following its entry into force. Note it was previously reported that the Council had approved the treaty on 9 March 2025. However, it was approved by the Council's Foreign Affairs, Defense, and National Security Committee on that...