At its meeting on 26 August 2020, the Federal Council adopted the messages on a new double taxation agreement (DTA) with Bahrain and on the Protocol of Amendment to the DTA with Kuwait.
- The new DTA in the area of income taxes with Bahrain contains, among other things, a provision on administrative assistance in accordance with the international standard on the exchange of information on request and also implements the minimum standards in accordance with the BEPS project (including in the form of an abuse provision).
- The Protocol of Amendment to the DTA in the field of taxes on income and wealth with Kuwait contains substantial parts of the minimum standards in double taxation agreements and improves the dispute settlement mechanism by means of an arbitration clause.
Before the DTA and the Protocol of Amendment can enter into force, they must be approved by the legislative bodies of the countries concerned.
The embassies, the DTA with Bahrain, the Protocol of Amendment to the DTA with Kuwait and other documents can be downloaded here.
