Kuwait And Qatar Reach Agreement To Prevent Double Taxation

Qatar's Council of Ministers has approved a draft agreement between the governments of Qatar and Kuwait. The agreement aims to prevent double taxation and combat financial evasion concerning taxes on income and capital.

The decision was taken during a recent Cabinet meeting, presided over by Deputy Prime Minister and Minister of State for Defense Affairs Dr. Khaled Al-Attiyah. The session took place at his headquarters in the Amiri Diwan, as reported by the Qatar News Agency.

Qatar News Agency reports that the Council also approved Qatar's accession to the ARASAIA 2017 agreement. Additionally, the Council took steps to ratify an agreement between the governments of Qatar and Uzbekistan. The purpose of this agreement is to eliminate double taxation related to income taxes and to prevent tax evasion and avoidance.

Among other notable approvals, the Council approved a memorandum of understanding (MoU) on cybersecurity cooperation. This MoU involves collaboration between the National Cybersecurity Agency of Qatar and the Cybersecurity Agency of Singapore. A second MoU, establishing a political consultation mechanism, was signed by the foreign ministries of Qatar and Bolivia.

Qatar's commitment to fostering international cooperation, strengthening economic ties, and addressing critical issues such as taxation, cybersecurity, and diplomatic cooperation is underscored by these approvals.

Comments Post Comment

Leave a Comment

Submit