Oman and Cyprus Sign Agreement to Avoid Double Taxation and Combat Financial Evasion

Oman, 9 December, 2024 : Oman and Cyprus signed an agreement in Muscat to avoid double taxation and prevent financial evasion. The agreement was signed by Nasser Khamis Al Jashmi, Chairman of the Omani Tax Authority, and Andreas Kakouris, Permanent Secretary of Cyprus' Ministry of Foreign Affairs.

The agreement aims to foster investments, strengthen economic ties, and enhance Oman’s economic standing. It also offers legal protection for investors, ensuring they are not subject to double taxes and establishing clear tax application mechanisms.

Source : www.omannews.gov.om