Arab News, Sat, Jun 01, 2024 | Dhu al-Qadah 24, 1445
Saudi Arabia and Qatar sign tax rules agreement
Saudi Arabia,
Qatar:
Saudi Arabia’s minister of finance, Mohammed Al-Jadaan, and his Qatari
counterpart, Ali Al-Kuwari, signed an agreement on Thursday designed to avoid
the possibility of double taxation and prevent tax evasion.
During the signing ceremony in Doha, Al-Jadaan
said the agreement is part of efforts to strengthen legislative coordination
between the two countries, to encourage bilateral trade and attract investment
to the region, the Saudi Press Agency reported.
Al-Kuwari highlighted the important nature of the
agreement and the effective role it will play in these efforts, adding that it
will help to ensure international standards of transparency are in place,
through the exchange of financial information as the nations work together on
taxation and economic relations.