Qatar, Austria Amend Double Taxation Treaty to Boost Transparency, Investment

Khalifa bin Jassim Al-Jaham Al Kuwari with Erika Bernhard

The State of Qatar and the Republic of Austria have signed a protocol amending certain provisions of the agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital, aimed at enhancing financial transparency and promoting joint investments.

The protocol was signed by HE President of the General Tax Authority Khalifa bin Jassim Al-Jaham Al Kuwari, and HE Ambassador of the Republic of Austria to the State of Qatar Erika Bernhard.

In a statement issued on Sunday, the General Tax Authority said the amendments form part of efforts to update the agreement in line with the latest international tax standards, strengthening transparency and aligning with evolving global economic practices.

Key revisions include the redrafting of Article 8 on international maritime and air transport, the updating of Article 10 on dividends to clarify the scope of eligible government entities, and the enhancement of Article 27 on the exchange of information for tax purposes, in line with international standards on transparency and cooperation.

The authority said that signing underscores Qatar's commitment to strengthening its tax system in line with the best global practices, and consolidating its economic partnerships with friendly countries, contributing to increased trade flows and expanding opportunities for joint investment.

(QNA)