Kuwait and Qatar ink deal to prevent double taxation

Kuwait’s Minister of Finance, Noura Sulaiman Al Fozan, and Qatar’s Minister of Finance, His Excellency Ali bin Ahmed Al Kuwari, during the signing of the agreement.

KUWAIT CITY, June 2: Kuwait and Qatar have strengthened their economic ties by formalizing an agreement to avoid double taxation on income and to prevent tax evasion and avoidance. The deal was signed by Kuwait’s Minister of Finance and Minister of State for Economic Affairs and Investment, Engineer Noura Sulaiman Al Fozan, and Qatar’s Minister of Finance, His Excellency Ali bin Ahmed Al Kuwari, according to Qatar News Agency (QNA).

H.E. Ali bin Ahmed Al Kuwari underscored the importance of the agreement, stating that it will support international transparency standards through the exchange of verified financial information. He emphasized that this reflects both countries’ commitment to enhancing coordination and cooperation in tax matters and economic relations.

The agreement aims to establish a clear legal framework for tax treaties between Kuwait and Qatar, eliminating double taxation. It also seeks to boost commercial collaboration, expand investment opportunities for government entities and individuals, combat tax evasion, and ensure neutrality and fairness in taxpayer treatment.