Qatar and Uruguay have signed a tax treaty on December 7.
The tax treaty includes several technical provisions related to the regulation of income taxes across various sectors, most notably the international transport sector, as well as the taxation of associated enterprises, dividends, interest, and royalties.
“These measures are expected to create a favourable investment environment and encourage the flow of capital, contributing to economic stability and sustainable growth,” the General Tax Authority, Qatar stated in press release.
The General Tax Authority further stated that “the tax treaty seeks to avoid double taxation and remove obstacles that may hinder the movement of capital, thereby enhance trade exchange and encourage investment flows between the two countries.”
“It also aims to establish a comprehensive legal framework that provides a fair tax environment, stimulates economic activities, facilitates investment flows, and strengthens opportunities for joint commercial cooperation, while emphasizing both parties’ commitment to applying the highest international standards of transparency through the exchange of verified financial information between the competent authorities of both countries,” the press release stated.