Oman, Ireland sign agreement for avoidance of double taxation, tax evasion

Oman, Ireland sign agreement for avoidance of double taxation, tax evasion

MUSCAT: The Sultanate of Oman and the Republic of Ireland on Thursday signed in Muscat an agreement for the avoidance of double taxation. The agreement pertains to taxes on income and the prevention of tax evasion between the governments of the two countries.The agreement provides legal protection for investors, to spare them the imposition of double taxes. It also regulates the mechanisms of tax application in a manner that enhances investments and trade exchange between the two countries.The agreement was signed by Nasser bin Khamis al Jashmi, Chairman of the Tax Authority, and Gerard Cunningham, Ambassador of the Republic of Ireland to the Sultanate of Oman. - ONA

Oman, Ireland sign agreement for avoidance of double taxation, tax evasion