Doha: 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.
According to Qatar News Agency, the General Tax Authority issued a statement on Sunday indicating that the amendments are part of efforts to update the agreement in line with the latest international tax standards. These changes aim to strengthen transparency and align with evolving global economic practices.
Key revisions to the treaty include the redrafting of Article 8, which pertains to international maritime and air transport, the updating of Article 10 to clarify the scope of eligible government entities concerning dividends, and the enhancement of Article 27 on the exchange of information for tax purposes to meet international standards on transparency and cooperation.
The General Tax Authority highlighted that the signing of the protocol underscores Qatar's commitment to strengthening its tax system in line with the best global practices. This move is expected to consolidate economic partnerships with friendly countries, contribute to increased trade flows, and expand opportunities for joint investment.