Details of the first-time income tax treaty between Pakistan and Bahrain, signed on 27 June 2005, have become available. The treaty was concluded in the English and Arabic languages, and generally follows the OECD Model Convention but also contains aspects of the UN Model Convention (2001). The treaty generally applies from 1 January 2010 in Bahrain and 1 July 2010 in Pakistan. The maximum rates of withholding tax are: -   10% on dividends; -   10% on interest. There is an exemption for interest arising in a state and derived by the government of the other state, including a...