On 3 December 2024, the Bahrain Council of Representatives (lower house of the National Assembly) approved the ratification of the pending income tax treaty with the United Arab Emirates. The treaty, signed 11 February 2024, is the first of its kind between the two countries. Taxes Covered The treaty covers the corporate income tax of both countries. Withholding Tax Rates Dividends - 0% Interest - 0% Royalties - 0% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed by the other State: Gains from the alienation of immovable property situated in the...