Qatar and UAE Sign Pact to Prevent Double Taxation, Boost Economic Cooperation

UAE, 31 May, 2024 :  In a significant move to strengthen economic ties, Qatar and the United Arab Emirates (UAE) have signed an agreement aimed at preventing double taxation and fiscal evasion concerning income taxes.

Represented by the Ministry of Finance, Qatar, and the UAE Ministry of Finance, the agreement was signed by HE Mr Ali bin Ahmed Al Kuwari, Minister of Finance for Qatar, and HE Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs.

The signing ceremony, attended by H.E. Mr. Khalifa bin Jassim Al-Kuwari, President of the General Tax Authority, underscores Qatar's commitment to enhancing economic relations and trade cooperation with sisterly countries. The agreement marks a significant milestone in eliminating double taxation and combatting tax evasion between Qatar and the UAE.

By adhering to global transparency standards and facilitating the exchange of financial information, the agreement creates a fair and equitable tax environment, enhancing commercial cooperation and widening investment opportunities for governments and individuals. This aligns with Qatar's official foreign investment strategy and supports the goals of Qatar National Vision 2030.

The agreement builds on the efforts of the General Tax Authority to promote trade, facilitate exports, reduce risks for importers, establish strong trade links with regional and international markets, and strengthen partnerships through bilateral agreements with sisterly and friendly countries.

Source : www.gta.gov.qa