On 21 November 2017, Bahrain's Council of Representatives approved the draft law for the ratification of the pending protocol to the 2001 income and capital tax treaty with the Philippines. The protocol clarifies that the State of Bahrain became known as the Kingdom of Bahrain as of 14 February 2002 and adds a new Article 26A (Exchange of Information) in line with the OECD standard for information exchange. The protocol will enter into force once the ratification instruments are exchanged and will generally apply from that date.