UAE and Qatar sign double taxation avoidance agreement

UAE and Qatar sign double taxation avoidance agreement

Mohamed Al Hussaini, UAE Minister of State for Financial Affairs, pointed out that the agreement strengthens the economic and trade relations between the two countries and provides full protection for companies and individuals from direct and indirect double taxation.

Al Hussaini added: “The UAE Ministry of Finance is keen to strengthen its trade and investment relations with all partners by developing mechanisms that clarify to investors the status of their operations in trade, economic, financial, and other activities in countries that have active economic relations with the UAE.”

Ali bin Ahmed Al Kuwari, Qatari Minister of Finance, said: “The agreement will contribute to supporting international standards of transparency through the exchange of documented financial information, which comes in light of strengthening bilateral economic relations between the two countries.”

The UAE has signed 146 double taxation avoidance agreements and 114 investment protection agreements to expand its global relations, enhance economic cooperation, and protect investments worldwide.

UAE and Qatar sign double taxation avoidance agreement