Qatar and Cote d’Ivoire have signed an agreement to avoid double taxation and prevent fiscal evasion regarding income taxes between the governments of the two countries.
The agreement aims to eliminate double taxation between the governments of both countries and encourage trade exchange.
The deal was signed by General Tax Authority (GTA) President Mr. Ahmed bin Issa Al Mohannadi and Ambassador of Cote d’Ivoire to Qatar HE Dr. Abdul Karim Cisse at the GTA headquarters in Doha.
In addition, the agreement also aims to increase investment opportunities between the two countries through individuals and companies, as well as strengthen international standards of transparency.
The two countries have also signed a number of agreements and memorandum of understanding (MoUs) in Doha to enhance cooperation in various fields.
According to the statement, “The agreements between the two countries were on the establishment of a joint committee of co-operation, on higher education and scientific research, promotion and protection of mutual investments aimed at enhancing and deepening economic co-operation.”
Earlier this year, Qatar signed an agreement with the Czech Republic on the avoidance of double taxation pertaining to income taxes and prevention of tax evasion and avoidance, in addition to a protocol to amend an agreement on the avoidance of double taxation and the prevention of financial evasion in relation to taxes.
The agreement intends to eliminate double taxation between the signatory governments, and further encourage trade exchange, in addition to increasing investment opportunities between governments, through individuals and companies, as well as promoting international standards of transparency through the exchange of documented financial information.
The agreement comprises items related to the field of maritime and air transport and joint projects, which come in light of strengthening bilateral economic relations between the two countries.