Saudi Arabia, UAE sign double tax avoidance agreement

26/05/2018 Argaam

 

Saudi Arabia and the United Arab Emirates have signed an agreement to avoid double taxation on income, as well as to prevent tax evasion, UAE’s Ministry of Finance said on its Twitter account.

 

Saudi finance minister Mohammed Al-Jadaan, and Obaid Al Tayer, UAE Minister of State for Financial Affairs inked the agreement on May 23.

 

The agreement aims to strengthen cooperation frameworks in tax matters and consolidate financial, economic and investment relations. It also aims to encourage free movement of capital and service exchange between the two countries.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.