Thursday, May 30, 2024, Doha, Qatar: The State of Qatar, represented by its Ministry of Finance, and the sisterly Kingdom of Saudi Arabia, represented by the Saudi Ministry of Finance, signed an agreement aimed at avoiding double taxation and preventing fiscal evasion concerning income taxes.

The agreement was signed by His Excellency Mr. Ali bin Ahmed Al Kuwari, Minister of Finance, representing the Qatari side, and His Excellency Mr. Mohammed Aljadaan, Minister of Finance of the Kingdom of Saudi Arabia.

H.E. Mr. Khalifa bin Jassim Al-Kuwari, President of the General Tax Authority, attended the signing ceremony of the agreement, which underscores Qatar’s commitment to enhancing economic relations and trade cooperation with sisterly countries. It also represents a significant milestone in eliminating double taxation and combating tax evasion between Qatar and Saudi Arabia. Adhering to global transparency standards and facilitating the exchange of reliable financial information, these agreements create a fair and equitable tax environment for enhanced commercial cooperation and wider investment opportunities for governments and individuals in line with the Qatari official foreign investment strategy.

The agreement builds on the General Tax Authority's efforts to achieve the goals of Qatar National Vision 2030 by encouraging trade, facilitating exports, reducing risks for importers of goods and services, establishing strong trade links with key regional and international markets, and strengthening partnerships through bilateral agreements with sisterly and friendly countries.