International Tax Review is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cyprus: Bilateral agreements signed between Cyprus and Bahrain


Katerina Charalambous

On March 9 2015 Nicos Anastasiades, President of the Republic of Cyprus, officially visited Bahrain, accompanied by Ioannis Kasoulides, Minister of Foreign Affairs, and the government spokesman, Nicos Christodoulides. The delegation was welcomed by the King of Bahrain Hamad bin Isa Al Khalifa at the Palace in Manama. Four bilateral agreements were signed between Cyprus and Bahrain including the avoidance of double taxation treaty, which follows the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital.

In addition, bilateral agreements were also signed in the areas of fighting terrorism and organised crime, air service and cooperation in the field of health. Kasoulides has signed the agreements on behalf of the Cyprus Government.

The Cyprus President decorated the King with the Grand Order of Makarios III, which is considered to be the highest accolade awarded by the Republic of Cyprus, while King Hamad bin Isa Al Khalifa decorated Anastasiades with the Medal of the Order of Al Khalifa.

Issues concerning EU-Bahrain relations, local and international affairs, political concerns and other financial and economic aspects were discussed. The primary purpose of the bilateral agreements and official visit to Bahrain was to promote and strengthen relations with the Gulf states to attract and boost investment into Cyprus.

The two countries will support and promote the commercial and economic interaction between them.

The Cyprus Government welcomed the King's decision to open an embassy in Nicosia.

Katerina Charalambous (

Eurofast, Cyprus Office

Tel: +357 22 699 222


more across site & bottom lb ros

More from across our site

Two months since EU political agreement on pillar two and few member states have made progress on new national laws, but the arrival of OECD technical guidance should quicken the pace. Ralph Cunningham reports.
It’s one of the great ironies of recent history that a populist Republican may have helped make international tax policy more progressive.
Lawmakers have up to 120 days to decide the future of Brazil’s unique transfer pricing rules, but many taxpayers are wary of radical change.
Shell reports profits of £32.2 billion, prompting calls for higher taxes on energy companies, while the IMF warns Australia to raise taxes to sustain public spending.
Governments now have the final OECD guidance on how to implement the 15% global minimum corporate tax rate.
The Indian company, which is contesting the bill, has a family connection to UK Prime Minister Rishi Sunak – whose government has just been hit by a tax scandal.
Developments included calls for tax reform in Malaysia and the US, concerns about the level of the VAT threshold in the UK, Ukraine’s preparations for EU accession, and more.
A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.
The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.
Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.