UAE and Kuwait Forge Path to Economic Integration with Double Taxation Avoidance Agreement at World Governments Summit 2024

UAE, 11 February, 2024 :  UAE and Kuwait have signed an agreement to avoid double taxation on income and capital between the two countries. The deal aims to prevent tax evasion and enhance economic integration. Kuwait's Finance Minister highlighted the significance of the agreement, emphasizing its role in promoting free movement of capital and fostering positive effects for citizens and investors.

The agreement reflects the strong bilateral relations between the UAE and Kuwait and was signed during the 8th Arab Fiscal Forum held as part of the World Governments Summit 2024. The summit, attended by numerous global leaders and organizations, underscores the UAE's strategic importance in the international community.

Source : https://gulfnews.com/