The State of Qatar and the Arab Republic of Egypt recently
signed an agreement to eliminate double taxation, particularly in
respect of income tax. The Qatar General Tax Authority confirmed
that the agreement should eliminate the risk of double taxation,
and help prevent tax evasion.
The agreement also seeks to facilitate and encourage investments
and trade exchange, increase investment opportunities between the
two countries, and provide investors with additional investment
protection by increasing international standards of transparency
through the exchange of financial information.
The agreement addresses numerous topics, including terms related
to international maritime and air transportation, joint ventures,
dividends, interest and royalties, all of which seek to strengthen
economic relations between the two governments.
