Syed Hussein Al -Qassab
In a brief session, the Shura Council approved yesterday a number of draft laws aimed at enhancing economic and investment cooperation with several countries, as well as discussing legislative amendments related to public health.
The Council agreed to a draft law to ratify the agreement between the Kingdom of Bahrain and the states of Gennzi regarding the removal of double taxation in relation to income tax, preventing tax evasion and avoiding, as this step comes within the framework of efforts to enhance economic cooperation between the two countries, facilitate investments and develop trade and tax relations, provided that the final opinion is taken in the next session.
A draft law also approved the ratification of the agreement between Bahrain and the Hungary government to encourage and protect investments, with the aim of creating an investment environment conducive to the investors of the two countries, and to ensure a balance between investor rights and the obligations of the host country. The Council took the final opinion of approval of a draft law to agree to join the Vienna Agreement for the Treaties Law of 1969, accompanying Decree No. 85 of 2024 AD, and sending it to the Speaker of the House of Representatives to refer him to His Highness the Prime Minister in preparation for his submission to His Majesty the Great King.
The session had started its work by ratifying the previous session, before the Secretary -General Karima Al -Abbasi presented the messages received from the Speaker of Parliament Ahmed Al -Muslim regarding what the House of Representatives ended on a draft law amending Article Two of Law No. 60 of 2006 regarding the reorganization of the Legislative and Legal Opinion Authority “prepared in light of the proposal of the law submitted by the House The provisions of the Trade Law issued by Decree Law No. 7 of 1987, accompanying Decree No. 44 of 2024, and notifying the Council of referring it to the Financial and Economic Affairs Committee with the notification of the Legislative and Legal Affairs Committee.
The council was also notified of the question addressed to the Minister of Legal Affairs, the Agency’s Minister of Labor, submitted by Nancy Khadouri regarding the mechanisms and regulatory means adopted by the Labor Market Regulatory Authority in coordination with the competent authorities to ensure the commitment of employers to pay the wages agreed in the contracts concluded, and the minister responded to it, as well as the question directed to the Minister of Communications and Communications, and submitted by Hisham Al -Qassab regarding the requirements and documents that the companies and institutions must Identify and submit it to license to carry out the activity of smart public transport applications services, and the minister responded to it.
The Council also took the final opinion of approval of a draft law to amend Article 20 of Law No. 8 of 2009 regarding the fight against smoking and tobacco of all kinds, accompanying Decree No. 49 of 2024 AD, and sending it to the Speaker of the House of Representatives to refer him to the Prime Minister in preparation for his submission to His Majesty the Great King. The session witnessed an intervention by the Chairman of the Women and Child Affairs Committee, Lina Qassem, before voting and approval of the offered projects.
For his part, the head of the Foreign Affairs, Defense and National Security Committee, Dr. Ali Al -Rumaihi is that the Kingdom of Bahrain undertakes many initiatives to sign investment and commercial agreements, explaining that the excellent diplomatic relations that Bahrain possesses with many countries of the world, as from the standpoint of these relations the signing of such agreements comes.
During the talk about an agreement between the government of the Kingdom of Bahrain and the states of Greenzi regarding the removal of the tax duplication and the prevention of tax evasion, the role that the National Revenue Service headed by Rana Fakihi plays, stressing the great role in activating such agreements and creating an investment environment that encourages attracting investments, indicating that there is mutual capital between the two countries exceeding 145 million dinars.
