Al-Jadaan witnesses Double Taxation Agreement coming into force in Zurich dialogue

Al-Jadaan witnesses Double Taxation Agreement coming into force in Zurich dialogue

RIYADH "” Minister of Finance Mohammad Al-Jadaan opened the second Saudi-Swiss Financial Dialogue (SSFD) in Zurich, in presence of Swiss Federal Councilor Ueli Maurer on Sunday. The SSFD witnessed a MoU signing ceremony on cooperation between Tadawul and SIX Group Ltd., and a ceremony for the entry into force of the Double Taxation Agreement (DTA) between both countries. The second SSFD discussed a variety of topics, including reviewing the current domestic and regional macroeconomics developments, as well as Vision 2030. Also, it focused on "innovation in financial sector", overview on this vital sector, views on digitalization of capital markets sustainable finance and debt management. In addition, the second SSFD considered ways to strengthen the bilateral cooperation between the KSA and Swiss Confederation, with regard to financial markets, training programs, tax and stock exchange. In his opening statement the Al-Jaadan welcomed the second SSFD between Saudi Arabia and Swiss Confederation. He emphasized that "Switzerland is a valuable partner to the Kingdom of Saudi Arabia and a contributor in achieving Saudi Vision 2030 objectives". "We are pleased to join our friends in Zurich today to work together towards the transition of our economy to achieve Saudi Vision 2030 objectives. We aspire to