MIDDLE EAST: Qatar, Rwanda sign double tax avoidance agreement.

As published on menafn.com, Monday 8 February, 2021.

(MENAFN - Gulf Times) Qatar and Rwanda on Monday signed an agreement to avoid double taxation and prevent financial evasion between the governments of the two countries, at the General Tax Authority's (GTA) headquarters in Doha.

The agreement was signed by Ahmed bin Issa al-Mohannadi, GTA's president; and Francois Nkulikiyimfura, Rwanda's ambassador to Doha; in the presence of Abdulrahman bin Mohamed al-Dosari, director, African Affairs Department; at the Ministry of Foreign Affairs.

The agreement aims to eliminate double taxation between the two countries, solve obstacles that may restrict the movement of capital and encourage trade exchange, increase investment opportunities between the two sides through individuals and corporates, and enhance international standards of transparency through the exchange of documented financial information.

This agreement also stipulates important economic articles in the areas of maritime and air transport, joint ventures, and other areas such as dividends, interest and royalties, in line of strengthening of economic relations between the two friendly countries.

Previously, Qatar signed several agreements to avoid double taxation and prevent financial evasion with a number of other brotherly and friendly countries, and discussions are currently underway with a number of other countries with the aim of signing similar agreements in this field, in line with the investment direction of Qatar abroad.