Swiss Federal Council approves tax treaty with Bahrain

On August 26, 2020, the Swiss Federal Council adopted the dispatches on a new tax treaty with Bahrain and on the protocol of amendment to the tax treaty with Kuwait.

The treaty with Bahrain contains an administrative assistance provision in accordance with the international standard concerning the exchange of information upon request and implements the minimum standards in accordance with the OECD’s base erosion and profit shifting project.

The protocol of amendment to the tax treaty with Kuwait enhances the dispute resolution mechanism by means of an arbitration clause and contains substantial components of the minimum standards for double taxation agreements.

See Announcement