Search News
Search
Close this search box.

Saudi Arabia and Qatar sign tax rules agreement

© Provided by The Rahnuma Daily

Saudi Arabia and Qatar sign tax rules agreement

RIYADH: 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.

share it
Facebook
Twitter
LinkedIn
WhatsApp

Leave a Reply

Your email address will not be published. Required fields are marked *

Get free tips and resources right in your inbox, along with 10,000+ others

Related Article