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Bahrain-Sri Lanka

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Tax Treaty between Bahrain and Sri Lanka has Entered into Force

On 11 July 2014, the income tax treaty between Bahrain and Sri Lanka entered into force. The treaty was signed 24 June 2011, and is the first of its kind between the two countries.

Taxes Covered

The treaty covers Bahraini income tax, and Sri Lankan income tax and the Social Responsibility Levy imposed in relation to income tax.

Service PE

The treaty includes provisions that a permanent establishment will be deemed constituted if an enterprise of one Contracting State furnished services in the other State through employees or other engaged personnel for a period or periods aggregating more than 183 days in any 12 month period.

Withholding Tax Rates

  • Dividends - 5% if the beneficial owner is wholly owned by the government of either State; 7.5% if the beneficial owner is a company; otherwise 10%
  • Interest - 10%
  • Royalties - 10%
  • Fees for technical services - 10%

Double Taxation Relief

Both countries apply the credit method for the elimination of double taxation.

Entry into Effect

The tax treaty applies from 1 January 2015.

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