EU adds Oman to list of countries cooperating in the field of taxation

EU adds Oman to list of countries cooperating in the field of taxation

Muscat: The European Union (EU) added the Sultanate to the list of countries cooperating in the field of taxation at a meeting held on Tuesday. The decision follows on steps taken by the EU in December 2017 with a view to intensifying efforts aimed at combating tax evasion, double taxation and money laundering.The EU explained in a statement that the Sultanate's inclusion came as a result of legal amendments that paved the way for the automatic exchange of information in the field of taxation and the completion of all procedures needed to activate automaticity and reciprocity with the EU.As part of its stance to share efforts of the international community aimed at upgrading cooperation in the field of taxation and finding the best practices in international tax governance, the Sultanate joined