Saudi Arabia and Qatar Sign Agreement to Prevent Tax Evasion
In a strategic move to avoid double taxation and combat tax evasion, Saudi Arabia’s finance minister, Mohammed Al-Jadaan, and his Qatari counterpart, Ali Al-Kuwari, signed a significant agreement on Thursday.
Speaking at the signing ceremony in Doha, Al-Jadaan emphasized the importance of this agreement in strengthening legislative coordination between the two nations. He highlighted the goal to boost bilateral trade and attract investments to the region, as reported by the Saudi Press Agency.
On the other hand, Al-Kuwari underscored the crucial role this agreement will play in enhancing these efforts. He mentioned that it will ensure the implementation of international transparency standards through the exchange of financial information, as both countries collaborate on taxation and economic relations.