The Premier and Minister of Finance, the Hon. David Burt, JP, MP, has signed a protocol amending the Double Taxation Agreement (DTA) between the Government of Bermuda and the Government of the Kingdom of Bahrain.
The protocol was signed on Friday, 17 April on the sidelines of the 2026 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, D.C. The Premier signed on behalf of Bermuda, alongside His Excellency Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy of the Kingdom of Bahrain.
The amendment updates the original agreement, which was signed in 2010 under then Minister of Finance, the Hon. Paula Cox. The Kingdom of Bahrain was the first country with which Bermuda signed a DTA, and the agreement represents the longest-standing relationship Bermuda holds with countries from the Gulf Cooperation Council (GCC).
The updated protocol aligns with the standards of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS), incorporating measures to prevent treaty abuse and strengthen dispute resolution mechanisms.
Premier Burt said: "Bahrain is an important partner for Bermuda and one of our longest-standing relationships we have had within the Gulf Cooperation Council. As more Bermuda businesses look to expand operations in the GCC, Bahrain remains a key gateway, and this amendment ensures our agreement continues to reflect international standards and supports the growing economic ties between our two jurisdictions."